A new report from The New York Times outlines a staggering range of money provided by foreign sources for the investment business now run by former President Donald Trump’s son-in-law Jared Kushner following his time on Trump’s White House team.
The business’s money raised from various investors so far — funds evidently positioned for subsequent use on investments by Kushner’s company itself — is almost entirely from foreign sources, with the Times pointing to financial documents from just last month (March) that outline this. A major source in this mix (Saudi Arabian leadership) was already publicly known, but there’s (a lot) more. The Times said, for instance, they were reporting for the first time the involvement of a man named Terry Gou, a founder at a foreign electronics company called Foxconn.
And guess what? Kushner was linked by some to benefits accrued by Foxconn from the federal government here in the United States. Kushner was “credited in part for helping [Gou’s] company win up to $3 billion in tax subsidies for its planned but never built Wisconsin factory to manufacture” a range of electronics, the Times said, though Kushner also claims that he’s known the foreign businessman for a long time. But the situation again recalls recent comments from leading Democrats on the House Oversight Committee, who suggested that Kushner got up to quid pro quo deals when he was still in government.
Providing benefits on his end, Kushner is raking in large sums in so-called management fees in tandem with merely assembling the investment-fueling money at all.
Those Democrats, including Rep. Jamie Raskin (Md.), accused Kushner of “apparent influence peddling and quid pro quo deals involving investments in exchange for official actions.” Though Republican control of the House currently stifles Democratic hopes of spotlighting the truth around Kushner, it’s clear that the party’s House members would be focusing on the Trump son-in-law in the event they regain the majority in the chamber.
