Jared Kushner's Father Appears Headed for Financial Ruin: Report
Jared Kushner’s father Charlie Kushner has been under mounting pressure because of his son’s political career and is facing possible financial ruin later this year, the New York Times reported today.
“The elder Mr. Kushner, his company and his family are assailed by criminal and regulatory inquiries largely rooted in their newfound access to presidential power,” the article says. “The family’s East Coast-based real estate empire is under a fiscal and ethical cloud, shunned by some investors who fear being dragged into the spotlight trained on the Kushner nexus with President Trump. Two major Manhattan properties are on creditors’ watch lists, one after foreign investors backed out of a financing deal.”
Like Trump, Charles Kushner is a New York real estate kingpin. And like Trump, he’s had a colorful past, having hired a prostitute to try to entrap his brother-in-law in a scheme that landed him in federal prison after pleading guilty to 18 counts of witness retaliation, tax violations and false statements to the Federal Election Commission.
Also like Trump, Charlie Kushner is saddled with massive debt, including a $1.2 billion mortgage that comes due on an undesirable Manhattan building in just 10 months. The Times says the building may only be worth a quarter of the $1.8 billion they paid right before the 2008 crash.
Jared is very close to his father— who he still calls “daddy.”
The portrait painted by the Times shows that Kushner, rather than getting any benefit from his son’s career, is facing more scrutiny on deals involving the government or press-shy lenders and that other members of the family are embarrassed by Trump.
Jared’s little brother Josh Kushner told friends that his biggest accomplishment of 2017 was surviving Trump: “We survived Donald Trump. Don’t tweet that. Really, don’t tweet that. I’ll get in so much trouble.”
The elder Kushner told the Times that he “would prefer not to have a pardon” because he would then be subjected to more digging into his activities.