One has to wonder if the Kushner family is really starting to regret that they’re intertwined with the Trump family. Ever since Donald Trump took over the White House, the Kushner Company has been under an intense microscope, and they haven’t enjoyed the experience. The patriarch of the family, Charles Kushner, is a convicted felon already and doesn’t want the spotlight shined on him. But since his son Jared is married to Ivanka Trump and works directly for Donald Trump, everything Jared does will bring about large amounts of scrutiny to the Kushner Companies, especially when it comes to corrupt business practices, which they seem to do an awful lot of. Maybe it’s how all wealthy companies operate, or maybe it’s just them. We’ll just have to let the courts decide that.
The latest news about Kushner corruption concerns three of their rental properties, construction, and falsely filed paperwork. Kushner Cos. were buying investment properties with the goal of fixing them up, then turning around and selling them for a profit. That doesn’t sound like a bad way to make money, but there are laws that have to be followed in order to do it correctly though. For instance you can’t purchase the property, then raise the rent so high that no one can afford to live there. New York has strict rent stabilization laws and that’s not allowed. Something else you’re not allowed to do is use construction noise and inconvenience to run the renters off either. The investment company also has to file construction permit paperwork to make sure everything is above board.
When the Kushner Cos. filed their paperwork for the above mentioned three properties, they checked a box on the construction permit applications that indicated the buildings had zero rent-regulated tenants. That simply wasn’t true. There were a lot of renters who lived in those buildings. There were a lot of people put out by all the dirt, dust, and noise that goes along with construction too. Some renters complained that their rent was being raised so high they couldn’t afford to live in their homes any longer. We know all of this because the Associated Press investigated the problem and broke the story.
The Associated Press spoke with Aaron Carr, founder of Housing Rights Initiative, a tenants’ rights watchdog that compiled the work permit application documents and shared them with The Associated Press, and he had this to say.
‘It’s bare-faced greed. The fact that the company was falsifying all these applications with the government shows a sordid attempt to avert accountability and get a rapid return on its investment.’
After the AP story broke somebody really paid attention to it. The Kushner Cos. have received a federal grand jury subpoena from the prosecutors in the Brooklyn U.S. attorney’s office, who are demanding information in response to the article. This is the very type of spotlight that the Kushner Cos. certainly don’t want shined on their company.
They’ve denied that they’ve done anything wrong, and place the blame on a third party who filed the fraudulent paperwork. The subpoena requests information on the identities of those third parties. If Kushner Cos. are operating fraudulently hopefully the grand jury will put a stop to it. This type of greed should never be allowed. It ruins lives and that’s simply not right. Far too often the wealthy flaunt the law to make money, and we must put a stop to it.
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