Jared Kushner Won’t Divest From Real Estate Startup

July 15, 2020 Trump Administration, Trump Corruption

President Donald Trump’s son-in-law and senior advisor has decided to remain an investor for the time being in real estate tech start-up Cadre, which he co-founded.

Jared Kushner made the decision as part of a private agreement he made with the company, according to people with direct knowledge of the matter. Kushner and the company put the divestiture on hold with the understanding that while he remains an investor, Cadre will not seek out foreign investors, these people said.

The move comes as ethics watchdog groups question the move and the president himself continues to be under scrutiny by his political opponents for his own business dealings while he seeks a second term.

OGE’s unprecedented withdrawal of Jared Kushner’s Cadre Certificate of Divestiture raises questions, including whether Kushner ever went through with divesting his stakes in Cadre. https://t.co/NJBg3cAGIb

— Citizens for Ethics (@CREWcrew) July 15, 2020