$157M in fees in 4 years, zero profits or return to investors...look over there, Hunter's junk Jared Kushner’s private equity firm faces inquiry as it fails to return profits (msn.com) A private equity firm owned by Jared Kushner, Donald Trump’s son-in-law, has been paid $157m in fees since 2021 without returning any profit to investors, according to a US Senate inquiry. The finding from the Senate finance committee has fuelled suspicions that the Miami-based company, Affinity Partners, may be a foreign influence-buying operation established in anticipation of the former president returning to the White House. ...................................................... The Senate investigation has found that no profits have been paid to Saudi and other investors by Affinity despite the hefty management fees it has raked in. Ron Wyden, the committee’s Democratic chairman, wrote to the company this week asking why it had not “distributed a penny of earnings back to clients”. .................................... He added: “Affinity’s investors may not be motivated by commercial considerations, but rather the opportunity to funnel foreign government money to members of President Trump’s family, namely Jared Kushner and Ivanka Trump.” Wyden said the foreign investors’ fees included $87m from the government of Saudi Arabia. “Affinity’s failure to deploy capital in a timely fashion while charging excessive fees has reinforced my view that Affinity is likely part of a compensation scheme involving US political figures designed to circumvent the Foreign Agents Registration Act (FARA),” he wrote.
What even happened to that "corruption rules, but does it have to be so obvious?" guy ... JerseyGator, I think?
If Kamala wins, she needs to put a hardcore prosecutor in at AG and not someone that has a sundial for a watch.
why isn't this a facebook meme or tv commercial already? just visualize the facts in a simple image, earnings, fees, sources, benefactors. the left, for all their creative minds, are sorely lacking in creativity and response times to simplify and summarize the gold that djt and his team deliver on a routine basis.
For the "only pays attention to politics in October every 4 years" crowd, these kind of bank shots typically don't score sadly.
Does anyone know what the terms of the investment agreement were for Kushner's fund? Has that been published anywhere? Typically when a PE firm do a capital raise, there are agreements on when investors can withdraw their funds and when they can start expecting to see returns.
