Jared Kushner Omitted At Least $10 Million In AssetsDisclosure

President Trump has lunch with Republican senators at the White House on Wednesday

President Donald Trump's son-in-law and senior adviser Jared Kushner "inadvertently omitted" more than 70 assets worth at least $10.6 million from his personal financial disclosure reports, according to revised paperwork released Friday. In the amended filing released on Friday, he disclosed the existence of dozens of subsidiaries he had not reported previously, generally connected to entities he mentioned in that first report.

Among the new set of assets Kushner disclosed, which could be worth as much as $51 million, he reported owning an art collection worth between $5 million and $25 million. He will also reportedly be asked to testify before the Senate Judiciary Committee regarding his ties to Russian Federation and allegations of collusion with the Kremlin to influence the 2016 United States elections. The new forms also reflect that Kushner sold his interest in an aging shopping mall along the Jersey Shore, and no longer has a stake in a company that had held an interest in apartments in Toledo, Ohio.

Clay Johnson, who served as President George W. Bush's director of presidential personnel, said he was surprised by the sheer number of updates six months in.

The group says that Ivanka Trump may have breached regulations that require her to disclose not just any foreign meeting she has had, but also those in which her brother or husband participated.

Trump also got an advance of $787,500 from Penguin Random House for her book "Women Who Work". She continued to draw at least $1 million in income from that trust through May 31.

Ivanka Trump has stepped down from day-to-day management of her company, which has come under criticism from labor advocates for its lack of oversight of its operations overseas, but has retained ownership.

Trump gave up her right to performance-linked payments from three Trump real estate companies and instead receives fixed payments totaling $1.5 million a year.




Gary Friedland, a scholar in residence at New York University's Stern School of Business who has studied the program, said developers have found ways to manipulate census tract data to place their projects within "targeted employment areas", which legally reduces the amount investors must pay - down from $1 million to $500,000 - to qualify for EB-5 benefits.

However, CNN is reporting that promotions posted on Chinese websites - one of which remains on the internet - referenced Kushner and his role in the White House.

Kushner did not report in his disclosure a $285 million loan that his company received from Deutsche Bank one month before the election.

"Kushner Companies was not aware of these sites and has nothing to do with them", the spokesperson told CNN.

Burke reported from San Francisco and Condon from NY.

Qiaowai, a Chinese immigration company that organized the events where Kushner's sister spoke, did not respond to CNN's request for comment.

Related news:

Hot News

isis-killer-beheading-video-story-top Boasson Hagen takes stage win, Froome closes in on victory
Jul 23, 2017 - 01:07
Chris Froome was happy to put the mountains behind him as he closed in on a fourth Tour de France title. One is Michael Matthews, now favourite for the prestigious green jersey for the race's top sprinter.

isis-killer-beheading-video-story-top Poland's senate approves contentious court bill
Jul 23, 2017 - 01:01
Critics say the Supreme Court legislation and two earlier bills destroy judicial independence and threaten democracy. The head of state has 21 days to sign the document, veto it, or, if in doubt, submit it to the constitutional court.

isis-killer-beheading-video-story-top Cal Fire: Mariposa residents' return home 'being planned'
Jul 23, 2017 - 00:59
Rangers warned visitors with respiratory problems to be mindful of the smoky haze over the park's landmark Half Dome rock face. Dewey, 64, said people in their 30s have opened several new businesses and wine bars, attracting lots of young tourists.

isis-killer-beheading-video-story-top Major record-breaker Grace: I honestly didn't know I'd made history
Jul 23, 2017 - 00:57
To make matters even more unbelievable , Grace did this after shooting 74 the round before during some brutally bad weather. He made eight birdies with no bogeys to become the first player to shoot a 62 in the 442 major championships contested.

isis-killer-beheading-video-story-top GREAT AMERICAN ECLIPSE: What Charlotte can expect to see
Jul 22, 2017 - 01:01
Adler will also be handing them out a week ahead of the eclipse, at the planetarium. "It is free general admission for everyone ". EDT. "Someone can blind themselves looking directly at the sun, even with only 15 percent visible sunlight", he said.

isis-killer-beheading-video-story-top PvP Comes 'Ghost Recon: Wildlands' This Fall
Jul 22, 2017 - 00:58
The class-based tactical multiplayer mode will launch as a free update in the fall, with a beta period coming later this summer. To what is probably the shock of many, it turns out that Ghost Recon Wildlands' PVP mode is not actually vaporware.

isis-killer-beheading-video-story-top United States to ban citizens from travel to North Korea, tour operators say
Jul 22, 2017 - 00:58
Whereas, North Korea leader Kim Jong-un called the launch a "gift package" for the USA on the anniversary of its Independence Day. After 17 months in detention, he was released in a coma in June, evacuated to the United States and died in OH a few days after.

isis-killer-beheading-video-story-top Pakistan says Indian attack in Kashmir kills 3
Jul 22, 2017 - 00:56
Foreign ministry spokesman Nafees Zakaria said Indian security forces resorted to firing in Baroh and Tandar sectors on Tuesday. Over 240 ceasefire violations by Pakistan along the LoC have been recorded this year.

isis-killer-beheading-video-story-top Lyft is following Uber into self-driving cars
Jul 22, 2017 - 00:54
The system, once completed, will allow Lyft and its partners to deploy and manage autonomous cars as they ferry customers around. That's a big deal, because (depending on Lyft's progress) it could mean we'll get our hands on autonomous cars a little sooner.

isis-killer-beheading-video-story-top Brussels threatens Poland sanctions, unprecedented for its judicial reforms
Jul 21, 2017 - 01:01
While PiS remains broadly popular among Poles, thousands have been protesting daily against the plans. Tusk called on Duda - whose signature is required to enact the law - to find a different solution.

isis-killer-beheading-video-story-top After Exxon Fine for Sanctions Violations, Calls for Rex Tillerson to Resign
Jul 21, 2017 - 00:59
On a trip to Kiev earlier this month, he said the sanctions would not be lifted until Russian Federation met its obligations. Tillerson recused himself from actions by the State Department related to ExxonMobil after he took office in February.

isis-killer-beheading-video-story-top Sears to sell Kenmore appliances on Amazon; shares jump
Jul 21, 2017 - 00:58
Alexa controls Amazon Echo , a speaker which lets the user call a cab, order pizza or shop on Amazon among other things. The announcement Thursday sent shares of Sears soaring more than 18 per cent at the opening bell.

isis-killer-beheading-video-story-top U.S. laptop ban lifted for Saudi Arabian Airlines
Jul 21, 2017 - 00:55
The revised directive provided the airlines with more flexibility in implementing the measures, Laplan said. The Kingdom's flag carrier was the last airline to face in-cabin electronics restrictions.

isis-killer-beheading-video-story-top Hindu Nationalism Risks Pushing India Into War: China State-Run Media
Jul 21, 2017 - 00:55
In an answer to a query on what China's demands are, she said Beijing wants Indian troops to be withdrawn first. Youfa said the Chinese side is waiting for the Indians to make the "sensitive choice".

isis-killer-beheading-video-story-top Palestinians Call for a Day of Rage in Jerusalem
Jul 21, 2017 - 00:53
But this week, the Waqf was boycotting the Temple Mount over Israel's decision to reinstall metal detectors at its entrances. Israel has defended the move, claiming they are no different from security measures at other holy sites around the world.