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THREAD on Jared Kushner's interminable corruption: theguardian.com/us-news/2019/j…
"A real estate company part-owned by Jared Kushner has received $90m in foreign funding from an opaque offshore vehicle since he entered the White House as a senior adviser to his father-in-law Donald Trump.
"Investment has flowed from overseas to the company, Cadre, while Kushner works as an international envoy for the US. The money came through a vehicle run by @GoldmanSachs in the Cayman Islands, a tax haven that guarantees corporate secrecy.
"Kushner, who is married to Trump’s elder daughter Ivanka, kept a stake in Cadre after joining the administration, while selling other assets. His holding is now valued at up to $50 million, according to his financial disclosure documents."
"The names of the foreigners investing in Cadre via Goldman Sachs are not disclosed by the companies, which are not required to make the information public.
"Two sources familiar with the firm said much of the money came to the Cayman Islands vehicle from a second offshore tax haven, while some came from Saudi Arabia."
"Cadre recently announced plans to raise multimillion-dollar funds to invest in real estate developments in parts of the US covered by the Trump administration’s 'opportunity zones' program, which offers valuable tax breaks to developers and investors.
"The program was championed by @IvankaTrump, according to her father, who said at the White House that Ivanka had been 'pushing this very hard.' The remarks raised allegations that policy she worked on could benefit her husband financially."
