Kushner Busted in $500 Million Dollar 'Pay to Play' Loans Scandal

Kushner Busted in $500 Million Dollar ‘Pay to Play’ Loans Scandal

This week has been a nightmare for Kushner. It began with the downgrading of his security clearance.  That was followed by a report that Kushner had been targeted for manipulation by numerous foreign governments (some hostile) due to his extreme indebtedness and his lack of political or government experience.

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Now, potential pay-to-play allegations are being reported. Senior White House Advisor to the President (otherwise known as his son-in-law) Jared Kushner and his family received more than $500 million in loans from business executives after the executives attended White House meetings with Kushner.

denials & righteous indignation – but Kushners still took the LOANS

Private equity firm Apollo Global Management is reported to have lent the Kushner Companies $184 million in November 2017. This came several months after one of Apollo’s co-founders (and current Senior Managing Director) Joshua Harris (bio) had advised the Trump administration on infrastructure. Kushner and Harris met multiple times, even discussing a potential job opportunity for Harris at the White House that job did not come to fruition. Kushner had been tapped to lead the administration’s infrastructure plan despite lacking any legislative experience. His office was sued this February over a lack of transparency in the process Newsweek described as “ripe for cronyism.”

RELATED: Explosive Report: Kushner’s REAL Job is to Hide Trump’s Declining Mental Health

Citigroup lent the Kushner Companies $325 million last Spring, not long after Jared Kushner met with Citigroup’s chief executive, Michael L. Corbat. Kushner and Corbat discussed financial and trade policy according to the New York Times. For those not keeping track, that means a man with no legislative experience, no foreign policy experience, no security clearance, and who made disastrous decisions leaving his family’s empire in peril, has been tasked (so far) with developing a trillion-dollar infrastructure plan, making peace in the Middle East, setting trade policy, and fine-tuning monetary policy.

RELATED: Why is Kushner ‘Spooked’ By the Idea of Testifying if He Did Nothing Wrong?

Bloomberg reported last August on the perilous financial condition of the Kushner real estate empire last August, describing a desperate “hunt for cash.” Around the same time, Fortune wrote that the Kushner’s real estate struggles might entangle the Trump White House. The loans from Apollo and Citigroup appear to have taken place in the months immediately before and after those reports.

RELATED: The 12 Most Hilarious Reactions to Kushner Losing Security Clearance

The President of the United States has yet to offer his opinion on the appropriateness of Kushner’s company accepting possible bankruptcy-avoiding financing from companies headed by individuals either working with or seeking to work with the White House. Will it match his accusation about Hillary Clinton’s State Department, that the Clinton Global Foundation used Clinton’s influence with the Obama White House for financial gain?

“A couple of very bad ones came out and it’s called pay-for-play and some of these were really, really bad… and illegal. If it’s true, it’s illegal. You’re paying and you’re getting things.” – Donald Trump, August 10, 2016

Likely, no.

Featured image photo by Drew Angerer/Getty Images.

Dave Weaver is a freelance political journalist and author. Born in Pennsylvania, which was home most of his life, Dave has called Maryland, New York, Kentucky, Arkansas, Ohio, and Maine home over the last decade. All the wandering has allowed Dave to experience America (and Americans) from a variety of perspectives. For a political junkie, the insights gained from this exposure are invaluable.

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Dave Weaver is a freelance political journalist and author. Born in Pennsylvania, which was home most of his life, Dave has called Maryland, New York, Kentucky, Arkansas, Ohio, and Maine home over the last decade. All the wandering has allowed Dave to experience America (and Americans) from a variety of perspectives. For a political junkie, the insights gained from this exposure are invaluable.

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