The Kushner-Soros Money Trail Nobody Talks About

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by Jose Alberto Nino, The Unz Review:

Behind the partisan noise, George Soros keeps making deals with the very Zionists he is accused of opposing

George Soros has spent decades wearing the black hat. Israeli officials and American conservatives alike brand him a funder of anti-Zionist causes and an adversary of broader Western interests. Yet when one peels back the ideological branding, a much stranger picture appears, one where Soros moves fluidly between funding critics of Israel and quietly building fortunes alongside some of the most prominent Zionist financiers, real estate magnates and even the son-in-law of the president who once ran campaign ads featuring Soros’s face beside warnings about “global special interests.” That contradiction sits at the center of a relationship few outlets have examined closely, the financial partnership between Soros and Jared Kushner.

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This connection runs through Cadre, a real estate technology startup Kushner co-founded in the fall of 2014 with his brother Joshua Kushner and Ryan Williams—a Goldman Sachs and Blackstone alumnus who became the company’s chief executive. Cadre built an online platform letting institutions and wealthy investors put money directly into vetted commercial properties, blending Kushner family real estate pedigree with Silicon Valley venture capital. Thrive Capital and General Catalyst led an $18.3 million Series A round in March 2015, but the more consequential capital arrived earlier and in a quieter fashion: the launch announcement confirmed a $250 million backstop from “a large family office” whose identity was not disclosed at the time.

That family office was subsequently identified as Soros Fund Management, which took both the credit line and an equity stake in Cadre. A source close to the deal told The Real Deal that “Soros has had a long and productive relationship with the Kushner family,” and a former Cadre employee said Soros and Kushner “probably made 100 introductions” that gave Williams his early momentum.

The arrangement worked on several tracks. One track was the credit facility itself, a financing backstop whose interest rate, draw terms and repayment status have never been publicly disclosed. The equity stake placed Soros’s family office alongside Goldman Sachs, Peter Thiel, Vinod Khosla, Andreessen Horowitz, and the Ford Foundation as Cadre backers. Kushner held his interest through a chain of entities—from BFPS Ventures through Quadro Partners Inc., which owned at least 75 percent of RealCadre LLC, Cadre’s formal name. Cadre’s offices sat inside a Manhattan building owned by the Kushner family’s real estate company, tightening an already tangled web. As late as 2024, reporting still listed Soros among Cadre’s name brand investors, alongside Andrew Farkas and Khosla Ventures.

What makes this arrangement genuinely intriguing is the timing against which it later collided. When Kushner joined the Trump White House as senior adviser in January 2017, he filed a financial disclosure form that omitted Cadre and, by extension, his financial relationship with Soros. That omission held for four months. In May 2017, the Wall Street Journal revealed that Kushner’s undisclosed business ties ran through Soros, Goldman Sachs, and Thiel and that he had also failed to disclose loans totaling at least $1 billion from more than 20 lenders, on which he had personally guaranteed more than $300 million. Ethics experts told the paper the public was effectively “in the dark about potential conflicts.” Rep. Ted Lieu (D-CA) called the omission “an ethical lapse that should have severe ramifications” and pressed for Kushner’s security clearance to be pulled. Kushner’s attorney Jamie Gorelick said his stake in Cadre was disclosed through his ownership of BFPS Ventures LLC and that he had previously discussed Cadre with the Office of Government Ethics.

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