Report: Jared Kushner Didn’t Disclose $1 Billion in Loans, Investment Ties to Goldman Sachs, George Soros and Chinese Co. Alibaba
“President Trump’s son-in-law and senior adviser Jared Kushner didn’t disclose his part ownership of a real-estate finance startup known as Cadre, according to a Wall Street Journal review of Kushner’s securities and other filings.
The Journal notes that Kushner’s Cadre stake “means the senior White House official is currently a business partner of Goldman Sachs Group and billionaires including George Soros and Peter Thiel.” The Journal also reports that Kushner didn’t disclose a number of loans “totaling at least $1 billion, from more than 20 lenders,” on properties and companies he co-owns; and Kushner “has also provided personal guarantees on more than $300 million of the debt.” An analysis of the debt on these assets “found ties to a broad swath of U.S. and foreign banks, private-equity firms, real-estate companies and government-owned lenders.”
From Jean Eaglesham, Juliet Chung, and Lisa Schwartz reporting in the Wall Street Journal:
[Kushner’s lawyer Jamie] Gorelick said the Cadre stake is described in a revised version of [Kushner’s] financial-disclosure form that will be made public after it has been certified by ethics officials. She said Mr. Kushner has previously discussed his Cadre ownership with the Office of Government Ethics and that Mr. Kushner has “resigned from Cadre’s board, assigned his voting rights, and reduced his ownership share.” A spokesman for the Office of Government Ethics didn’t immediately respond to a request for comment.
Mr. Kushner co-founded Cadre in 2014 with his brother Joshua and Ryan Williams, a 29-year-old friend and former employee of Kushner Cos., the family-controlled business that Mr. Kushner ran until recently. Cadre markets properties to prospective investors, who can put their money into specific buildings or into an investment fund run by Cadre, which collects fees on each deal.
To get off the ground, Cadre turned to a Goldman Sachs fund and a number of high-profile investors. Among them were the venture-capital firms of Mr. Thiel, Silicon Valley’s most prominent supporter of Mr. Trump, and Vinod Khosla, a co-founder of Sun Microsystems Inc., according to Cadre’s website. Other backers include Chinese entrepreneur David Yu, co-founder with Alibaba Group Holding Ltd.’s Jack Ma of a Shanghai-based private-equity firm, hedge-fund manager Daniel Och and real-estate magnate Barry Sternlicht, people close to Cadre said.
Cadre also secured a $250 million line of credit from the family office of George Soros, a top Democratic donor whom Mr. Trump criticized during his presidential campaign, the people close to the company said. Mr. Soros’s family office is also an investor in Cadre.”
…Continure reading more @ Breitbart
Comey: Why no, we won’t be charging Huma Abedin for forwarding classified emails to Anthony Weiner
“Say this for the guy: He may be misapplying federal statutes but he’s misapplying them consistently, at least as far as Team Clinton goes. Ed noted earlier that Comey revealed this morning that Huma was forwarding emails to Weiner to print out for Hillary’s perusal. Did Huma realize that was illegal? Nope, says Comey, and that was the key. Somehow the thought didn’t occur to Hillary’s top aide that transmitting sensitive correspondence involving the world’s most powerful diplomat to unauthorized recipients might tickle the boundaries of what federal law permits.
Is Comey right, though, that there’s no crime here so long as Abedin didn’t intend to mishandle classified information? Nope. The statute is clear:
(f) Whoever, being entrusted with or having lawful possession or control of any document, writing, code book, signal book, sketch, photograph, photographic negative, blueprint, plan, map, model, instrument, appliance, note, or information, relating to the national defense, (1) through gross negligence permits the same to be removed from its proper place of custody or delivered to anyone in violation of his trust, or to be lost, stolen, abstracted, or destroyed, or (2) having knowledge that the same has been illegally removed from its proper place of custody or delivered to anyone in violation of its trust, or lost, or stolen, abstracted, or destroyed, and fails to make prompt report of such loss, theft, abstraction, or destruction to his superior officer—
Shall be fined under this title or imprisoned not more than ten years, or both.
Sending classified info to the private laptop of someone who isn’t authorized to receive it because you can’t be bothered to print it out yourself does sound suspiciously like gross negligence, especially given Weiner’s other computer pastimes and the opportunities they created for foreign blackmail. (Weiner’s participation here makes the negligence “gross” in every sense of the word.) But then, so does setting up your own private “homebrew” email server to conduct official state business. Comey decided last summer that it doesn’t matter what the federal statute actually says; Congress can write whatever laws it wants but when it comes to applying them, prior DOJ practice will guide the FBI in recommending charges, not the text of the law. And DOJ practice requires proof of knowledge or intent, not mere gross negligence, to justify filing charges, never mind that no one as high up as a Secretary of State had ever been credibly accused of violating this particular statute before. If Hillary’s gross negligence wasn’t enough to get her charged, then Huma’s gross negligence isn’t enough either.”
….Continue reading more @ HotAir
Paul Ryan’s Spending Bill Forbids Funding for Trump Wall – But Allows Funding for Border Security in Middle East
“House Republicans released its $1.1 trillion 1,665 page spending bill that includes an average of approximately 210 words per page — —or about twice as long as the stimulus law (the “American Recovery and Reinvestment Act”) that President Barack Obama signed less than a month after his inauguration in 2009.
Speaker Paul Ryan and GOP leaders inserted language that specifically restricts any and all funding of the Trump border wall.
However Paul Ryan’s bill will provide funding for border security in Jordan and Lebanon.”
…..Continue reading more @ TGP