Documents claimed no tenants had rent protections, when hundreds did, according to AP.
The family real estate company co-owned by White House adviser Jared Kushner repeatedly filed false reports with New York City concerning rent-regulated tenants in an effort to push them out of the buildings and boost profits, an investigation by The Associated Press found.
Hundreds of Kushner Cos. tenants were protected by city law from being hit with major rent hikes or forced out by a new owner. However, the company “routinely” filed false paperwork saying buildings had no-rent regulated tenants, AP reported.
According to city documents — obtained by the tenant watchdog group Housing Right Initiative — at least 80 fraudulent applications were filed for construction permits in 34 buildings from 2013 to 2016. They all stated the buildings had no rent-regulated tenants, when in fact they included 300 rent-regulated units, according to tax documents, AP reported. Kushner was CEO of the company during that time.
In one case, Kushner Cos. filed false statements about tenants in three buildings with 94 rent-regulated units that it purchased in Queens in 2015, reports AP. After the company displaced most of the residents, it sold the buildings two years later for $60 million, nearly 50 percent more than their purchase price, according to AP.
Special Counsel Robert Mueller is reportedly looking into Jared Kushner’s efforts to secure financing for family real estate operations from foreign investors during the presidential transition that may have impacted his work in the White House.
More: Report: Kushner's Company Filed False Tenant Paperwork That Boosted Property Profits
This sounds downright criminal. How can Kushner talk his way out of this? I'm sure Mueller knows all about it. What do you think?
The family real estate company co-owned by White House adviser Jared Kushner repeatedly filed false reports with New York City concerning rent-regulated tenants in an effort to push them out of the buildings and boost profits, an investigation by The Associated Press found.
Hundreds of Kushner Cos. tenants were protected by city law from being hit with major rent hikes or forced out by a new owner. However, the company “routinely” filed false paperwork saying buildings had no-rent regulated tenants, AP reported.
According to city documents — obtained by the tenant watchdog group Housing Right Initiative — at least 80 fraudulent applications were filed for construction permits in 34 buildings from 2013 to 2016. They all stated the buildings had no rent-regulated tenants, when in fact they included 300 rent-regulated units, according to tax documents, AP reported. Kushner was CEO of the company during that time.
In one case, Kushner Cos. filed false statements about tenants in three buildings with 94 rent-regulated units that it purchased in Queens in 2015, reports AP. After the company displaced most of the residents, it sold the buildings two years later for $60 million, nearly 50 percent more than their purchase price, according to AP.
Special Counsel Robert Mueller is reportedly looking into Jared Kushner’s efforts to secure financing for family real estate operations from foreign investors during the presidential transition that may have impacted his work in the White House.
More: Report: Kushner's Company Filed False Tenant Paperwork That Boosted Property Profits
This sounds downright criminal. How can Kushner talk his way out of this? I'm sure Mueller knows all about it. What do you think?
