charles kushner Archives - Narativ https://o.narativ.org/tag/charles-kushner/ Where Truth Lives Sat, 26 Sep 2020 20:14:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://o.narativ.org/wp-content/uploads/2023/03/cropped-Screenshot-2023-03-11-at-12.38.41-AM-32x32.png charles kushner Archives - Narativ https://o.narativ.org/tag/charles-kushner/ 32 32 121231461 Vulture Capitalism https://o.narativ.org/2020/09/22/vulture-capitalism/ https://o.narativ.org/2020/09/22/vulture-capitalism/#comments Tue, 22 Sep 2020 11:04:20 +0000 https://o.narativ.org/?p=47891 The horror show that is Jared Kushner’s avarice knows no bounds. Jared Kushner’s real estate firm Cadre is ready to pounce on low-income and minority neighborhoods devastated by coronavirus and its economic fall-out. The president’s son-in-law personally oversaw the failed White House response to the coronavirus, which resulted in the death of more than 200,000 […]

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The horror show that is Jared Kushner’s avarice knows no bounds.

Jared Kushner’s real estate firm Cadre is ready to pounce on low-income and minority neighborhoods devastated by coronavirus and its economic fall-out.

The president’s son-in-law personally oversaw the failed White House response to the coronavirus, which resulted in the death of more than 200,000 Americans so far, and contributed to the economic decay of large swaths of American cities.

Kushner’s Cadre is a real estate investment start-up he partly owns with his brother, Joshua. The company uses artificial intelligence to identify investment opportunities based on the very factors that Kushner’s failed coronavirus response amplified..

Kushner owns about $50 Million in shares in the company (which he has not divested). George Soros and Mark Cuban are also investors in Cadre.

” During downturns, the right kind of real estate investments have proven to give investors unique upside.”

CADRE CEO Ryan Williams

Not The Role of Government’

In March, while the president was lying to Americans about Coronavirus, Cadre CEO Ryan Williams had the foresight to lay off 100 workers and braced for the worst.

At around the same time, Kushner’s coronavirus shadow task force met repeatedly at FEMA.

According to attendees, the president’s senior advisor appeared to assume his father-in-law’s mantle, reigning over the meeting with a decidedly dictatorial tone.”The federal government is not going to lead this response”.

“It’s up to the states to figure out what they want to do,” he reportedly told those attending.

Vanity Fair reported last month that Kushner was specifically referring to blue states because at the time, democratic-leaning states were the epicenters of the virus.

The White House even canceled a national testing program that would have slowed down the disease dramatically.

“Free markets will solve this,” Kushner told his task force. “That is not the role of government.”

Max Kennedy, Jr. was one of a motley crew of volunteers from the finance world on Kushner’s task force. Kennedy told Jane Meyer in the New Yorker that he quickly discovered no-one else was coming to help with the coronavirus response.

“It was such a mismatch of personnel. It was one of the largest mobilization problems ever,” the young Kennedy said. “The fact that they didn’t want to get any more people was so upsetting.”

“It was the number of people who show up to an after-school event, not to run the greatest crisis in a hundred years,” he added.

Kennedy, who is the grandson of Robert F. Kennedy, was compelled to write anonymously to congress.

Business Insider breaks down the economic disparities of coronavirus.

ethnic cleansing

It’s against this setting that Cadre’s CEO Ryan Williams chose to announce that his company will resume investing, which basically means buying up large swaths of valuable property in neighborhoods in economic distress.

That distress has been made far worse by GOP Senators refusing to extend emergency coronavirus funding to the hardest hit Americans, depriving them of extended unemployment benefits. That, in turn, has resulted in large-scale evictions.

It’s into this soup of economic despair that a squadron of Cadre’s vulture opportunists will descend. When things are at their lowest, the start-up’s opportunity specialists will use whatever pressure is necessary to force residents out of their homes.

Bill Barr’s threat to withdraw federal funding from New York City, Seattle and Portland may also be used as leverage to compel state and city officials to go along with what appears to be some sort of for-profit ethnic cleansing scheme.

Barr won’t explicitly state he is targeting Black communities, instead he uses the phrase. ‘anarchic jurisdictions’.

Kushner’s reputation as a slumlord is well documented, and the city has a long track record of vulture developers preying on poor neighborhoods, including both Kushner’s father and father-in-law.

His father, Charles Kushner was a criminal who spent time in prison, but even he never engineered the genocide of hundreds of thousands for capital gains.

If anyone were capable of such a scheme, people who know the Kushners say, it would be Jared.

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Ties That Bind https://o.narativ.org/2017/06/03/ties-that-bind/ https://o.narativ.org/2017/06/03/ties-that-bind/#comments Sat, 03 Jun 2017 03:16:06 +0000 https://o.narativ.org/?p=10800 Jared Kushner and his father-in-law, President Donald J. Trump, have more connecting them than Ivanka Trump.  On April 19 last year, Donald J. Trump was taking a victory lap after winning the Republican Party nomination. In his speech, he mentioned by name a number of bold-named businessmen who were there to hear him crow. Carl Icahn, […]

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Jared Kushner and his father-in-law, President Donald J. Trump, have more connecting them than Ivanka Trump. 

On April 19 last year, Donald J. Trump was taking a victory lap after winning the Republican Party nomination. In his speech, he mentioned by name a number of bold-named businessmen who were there to hear him crow. Carl Icahn, Howard Lorber and Steven Roth, the CEO of Vornado Trust.

donald-trump-full-9f212dfe-1559-4284-bfb3-249c5a4f3e0c
Trump after winning the Republican nomination.

“The great Steven Roth,” Trump extolled. “Steve’s building a big building on Central Park South, it’s a tremendous success.”

“I said, ‘Steve, congratulations on the building,'” The newly-minted Republican presidential nominee said.

“He said, ‘Donald, it’s nothing compared to what’s happening with you.’ Is that right? My man!”

exec_steve_roth
Steven Roth is partners with both President Donald J. Trump and Jared Kushner’s family.

Trump and Roth have been friends (and sometimes business foes) for over 30 years.  They jointly own the 1290 Sixth Avenue office tower. Trump and Roth became business partners after Trump threatened to sue his former partners for trying to sell it to another party without his permission. 1290 Sixth Avenue became the second largest in Vornado’s portfolio but by no means the only marquee property in Roth’s sprawling Manhattan empire.

One other is 666 Fifth Avenue, which Roth’s Vornado Trust co-owns with Jared Kushner’s family. Jared made news in Manhattan’s real estate circles when he purchased the trophy building for $1.8 billion, using mostly borrowed money. By all accounts, Kushner overpaid for the building by paying twice as much per-square-foot than any other Manhattan building sale before it, according to the New York Post. Tellingly, the deal closed on Jared’s 26th birthday, Jan. 10, 2007.

It was an expensive birthday gift by any measure but for the young real estate scion it represented a giant statement to Manhattan. Two years earlier, his father, Charles Kushner, was imprisoned for 14 months after pleading guilty for tax evasion charges and for making illegal campaign contributions. Before exiting prison, Charles turned over his holdings to his eldest son to manage a business free of an ex-convict CEO. Jared was just 25. If his father’s prison sentence wasn’t enough for the young heir to handle, the circumstances that led to it, tore the Kushner clan apart.

McGreevey Donor In Court For Having Witness Seduced
Jared’s father, Charles Kushner

Before being charged in 2005, Charles Kushner heard his brother-in-law was talking to investigators about his misdeeds. To gain leverage over him, Kushner paid a “very attractive, high-end call girl $10,000 to lure his brother-in-law to a Bridgewater, NJ, motel after she pretended to need a ride when her car broke down,” according to the Post. Jared’s father had the whole motel encounter taped and sent it to his sister, Esther. She turned the tape into the feds. Classic kompromat.

Now it seems, Kushner family history could be repeating itself. Investigators want to know if Jared has kompromat all of his own. Only this time, the disparaging evidence is financial in nature and it’s the Russians who could be holding it over him.

72765743-the-skyscraper-at-666-fifth-ave-stands-on-fifth-avenue.jpg.CROP.promovar-mediumlarge
666 Fifth Avenue, owned by Kushner and Roth.

666 Fifth Avenue, The trophy building Jared bought for $1.8 Bn in 2007 has proved to be a financial noose around him and the family. By 2008, the building was generating just 70 cents on every dollar it owed.  Under pressure, Jared was forced to sell the pricey store space for $525 million to a partnership in 2008 and a 49 percent stake in the office portion to Stephen Ross’ Vornado in 2011. Yes, Jared Kushner and Donald Trump share more than wife and daughter, they share a business partner. A $1.2 Bn mortgage on Jared’s trophy building is due in just two years which unpaid, could destroy the family fortune.

Congressional investigators and the FBI are now probing a secret meeting Jared had with Vladimir Putin’s banker at Trump Tower in New York in December last year. The White House and the Russian bank have offered conflicting explanations for the meeting between Kushner and Sergei Gorkov.

Chairman of Russian state development bank VEB Gorkov takes part in Week of Russian Business in Moscow
Sergei Gorkav, Head of Russian Bank, VEB, met with Kushner in Dec.

The White House claims Kushner’s meeting with Gorkov was in his capacity as the Trump transition team’s “official primary point of contact with foreign governments” and had nothing to do with his family business, CNN reports. Gorkov’s bank, VEB, insists the meeting with Kushner was in his capacity as the head of his family’s real estate company. A complete contradiction of the White House story.

“It’s very peculiar that of all the people he could be talking to in a transition period where you’ve got lots of balls in the air, that you end up talking to a Russian banker who is under sanction and who is related to Putin and has a KGB background,” Rep. Jackie Speier, (D-CA)“I think the question has to be asked, was this about you trying to get financing for your troubled real estate that you have in New York City?” posits Speier, who sits on the House Intelligence Committee.

There’s something else about Sergey Gorkov and Putin’s bank, VEB. It has ties to President Donald Trump. The bank paid Alexander Schnaider, a Russian-Canadian property developer, $850M for his shares in a Ukrainian gas company. Schnaider poured the cash into building the Trump Hotel and Tower in Toronto, according to the Wall Street journal. Trump doesn’t own the property, but he profits from licensing his name to the venture and he may receive management fees.

So Jared Kushner and his father-in-law share a business partner and a bank with Russian and KGB ties, in addition to being family members. Trump says he has “absolutely confidence” in his son-in-law, despite the investigation but insiders say Kushner is on “delicate ground”.

Jared Kushner was, at the very least, supportive of the firing of FBI Director James Comey. The Bureau has been looking into Kushner’s meeting with Gorkov and Russian Ambassador Sergey Kislyak. These could bear perjury and espionage charges for false statements and a bizarre request to open a secret “backchannel” with the Kremlin. If it turns out Kushner was aware of the investigation when he threw his weight behind Comey’s firing, then Jared could also now be the target of an obstruction of justice investigation.

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