The family real-estate company of presidential son-in-law Jared Kushner was served with a federal subpoena last month regarding its filing of falsified rent control information with the city of New York according to information revealed today by The Wall Street Journal.
The subpoena is part of an investigation by the Brooklyn U.S. Attorney’s office into how and why the Kushner Companies claimed that it had zero rent-regulated tenants in its buildings when they, in fact, had hundreds of such tenants.
Asserting that they had no rent-regulated tenants allowed the company to apply for construction permits that tenants say were used to harass them in an effort to force them to move and allow market-rate renters to take their place at a much higher monthly fee.
The Kushner Cos. are claiming that they outsourced the paperwork that had the erroneous information to a third-party who was responsible for the mistake. Though all of this took place while Jared Kushner was CEO of the family business, his signature does not appear on any of the documents in question.
A spokesperson for the U.S. Attorney’s office in Brooklyn declined to comment on the case or even the existence of an investigation as is standard procedure for active cases.
The Kushner Companies have been under scrutiny for other activities in addition to the rent-control case, including their activity promoting EB-5 immigration visas to Chinese investors who were interested in potential investments in their real estate offerings and for a suspiciously-timed $285 million loan from Deutsche Bank around the time of the 2016 election.
With Kushner’s role in the White House diminished by his loss of top security clearance due to an inability to pass the intelligence agency security review, the additional investigation of his family business indicates that the presidential advisor will not regain his clearance anytime soon.
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