$110 Billion Weapons Sale to Saudis Personal Touch by US & More Hell for the World?
$110 Billion Weapons Sale to Saudis Has Tumps son-in-law, Jared Kushner’s Personal Touch
WASHINGTON — On the afternoon of May 1, President Trump’s son-in-law, Jared Kushner, welcomed a high-level delegation of Saudis to a gilded reception room next door to the White House and delivered a brisk pep talk: “Let’s get this done today.” Mr. Kushner was referring to a $100 billion-plus arms deal that the administration hoped to seal with Saudi Arabia in time to announce it during Mr. Trump’s visit to the kingdom this weekend. The two sides discussed a shopping list that included planes, ships and precision-guided bombs. Then an American official raised the idea of the Saudis’ buying a sophisticated radar system designed to shoot down ballistic missiles.
Sensing that the cost might be a problem, several administration officials said, Mr. Kushner picked up the phone and called Marillyn A. Hewson — the chief executive of Lockheed Martin, which makes the radar system — and asked her whether she could cut the price. As his guests watched slack-jawed, Ms. Hewson told him she would look into it, officials said. Mr. Kushner’s personal intervention in the arms sale is further evidence of the Trump White House’s readiness to dispense with custom in favor of informal, hands-on deal making.
Who is Jared Kushner?
Jared Corey Kushner (born January 10, 1981) is an American investor, real-estate developer, and newspaper publisher who is currently senior advisor to US President Donald Trump. Kushner is the elder son of real-estate developer Charles Kushner, and is married to Ivanka Trump, President Trump’s daughter and advisor. He was chief executive officer of the real-estate holding and development company Kushner Companies, and of Observer Media, publisher of the New York Observer. He is the co-founder and part owner of Cadre, an online real-estate investment platform. On January 9, 2017, Kushner was named as a senior White House advisor. He consequently resigned as CEO of Kushner Companies, and as publisher of the Observer.
Jared Kushner had been a life-long Democrat, making major donations to its candidates for years, yet also to New York Observer-endorsed Republican US presidential race nominee Mitt Romney in 2012. He had been intimately involved with campaign strategy, coordinating Trump’s visit in late August to Mexico, and he is believed to be responsible for the choice of Mike Pence as Trump’s running mate. He married Ivanka Trump, daughter of businessman and U.S. president Donald Trump, in a Jewish ceremony on October 25, 2009. They had met in 2005 through mutual friends. Kushner and his wife (who converted to Judaism in 2009 are Modern Orthodox Jews, keep a kosher home, and observe the Jewish Shabbat.
They have three children, born in 2011, 2013, and 2016. In 2017, federal disclosures suggested Kushner and his wife had assets worth at least $240 million, and as much as $740 million.
Kushner Companies is an American real estate developer and lender in the New York City metropolitan area. The company’s biggest presence is in the New Jersey residential market. It also owns the Puck Building in New York City. Its founder, Charles Kushner, was convicted of tax evasion and witness tampering in 2005, and served time in federal prison, and as a result, he handed over the management of the company to his son Jared Kushner.
In 2003, New York University and Kushner Properties announced that the University had signed a 15-year lease for three floors, comprising 75,000 square feet (7,000 m2) of contiguous space, in the historic Puck Building, 295 Lafayette Street in Manhattan’s SoHo neighborhood. In December 2006, the company announced plans to buy 666 Fifth Avenue for $1.8 billion, which is the biggest deal for an individual building in New York City history.
In early 2007, Kushner bought the building at 666 Fifth Avenue, New York City, for US$1.8 billion, the highest price ever paid for a single office building in the United States. Subsequently Kushner shifted focus from his New Jersey real estate operations to the New York market. In July 2007, the Kushner Companies sold 17,500 apartments in the states of New Jersey, Pennsylvania, Delaware, Maryland and New York, valued at $2 billion. In 2016, Kushner Companies opened Trump Bay Street, a luxury 53-story apartment tower in Jersey City, New Jersey. The Kushners partnered with a company linked to Beny Steinmetz on the $250 million project, which was financed through a $30 million cash investment by the Kushners and $190 million in loans, including a $140 million construction loan from CIT Group and $50 million of investments from Chinese nationals purchasing EB-5 visas.
In 2017, Nicole Kushner Meyer joined her brother Josh in Kushner Companies, serving as a principal. Meyer was criticized for mentioning her brother’s White House position during investor presentations she gave in China when soliciting $150 million for 1 Journal Square, causing her to cancel the rest of her roadshow appearances. According to Bloomberg, the company is facing an increasingly “distressed situation”. Over the last few years, family members have sought substantial overseas investment to deal with “troubled finances”.
September 2017; U.S. Attorney Subpoenas Kushner Cos. Over Investment-For-Visa Program.
Charles Kushner (born May 16, 1954) is an American real estate developer. He founded Kushner Companies in 1985. In 2005, he was convicted of illegal campaign contributions, tax evasion, and witness tampering, and served time in federal prison. After his release, he resumed his career in real estate. His son is Jared Kushner, who is the husband of Ivanka Trump and son-in-law and senior advisor to President of the United States Donald Trump.
After his release from prison, Kushner shifted his business activities from New Jersey to New York City. In early 2007, Kushner Companies bought the 666 Fifth Avenue building in Manhattan for US$1.8 billion. He and his family are estimated to have a net worth of $1.8 billion. In the summer of 2004, Kushner was fined $508,900 by the Federal Election Commission for contributing to Democratic political campaigns in the names of his partnerships when he lacked authorization to do so.
In 2005, following an investigation by the U.S. Attorney’s Office for the District of New Jersey, U.S. Attorney Chris Christie negotiated a plea agreement with Kushner, under which he pleaded guilty to 18 counts of illegal campaign contributions, tax evasion, and witness tampering. (Money makes a difference, if you want to win in a courtroom, no matter the crime) Kushner hired a prostitute to seduce his brother-in-law, arranged to record an encounter between the two, and had the tape sent to his sister.Kushner was sentenced to two years in prison, and served 14 months at Federal Prison Camp, Montgomery in Alabama before being sent to a halfway house in Newark, New Jersey, to complete his sentence.
He was released from prison on August 25, 2006.
In August 2015, Kushner donated $100,000 to Donald Trump’s Make America Great Again PAC, a super PAC supporting Trump’s 2016 campaign for the presidency.