Kushner Family – A Platinum Valued Connection – Have You been Paying Attention????

 

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[Originally reported in the New York Post on September 12, 2016]

Family of Trump’s son-in-law linked to hedge fund probe

The troubled New York hedge fund that is plaguing the city prison guards’ union has also ensnared the family of Donald Trump’s son-in-law Jared Kushner, The Post has learned.

Hedge fund firm Platinum Partners, which is being investigated by Brooklyn federal prosecutors, was short on cash and desperately borrowing money in the days leading up to the June arrest of one of its co-founders, documents shows.

Among the people it turned to for cash were Marisa and Richard Stadtmauer, the aunt and uncle of Jared Kushner, according to a document from Platinum’s court-appointed liquidator, a copy of which was obtained by The Post. Kushner is married to Trump daughter Ivanka.

On May 27, Marisa Stadtmauer loaned Platinum $4.1 million, the liquidator said. It got another $6.4 million from Richard Stadtmauer, the brother of Kushner’s mother, Seryl, and former vice chairman of family’s real estate empire, Kushner Companies.

Platinum, which is headquartered in Manhattan, also received a $2.3-million loan from the National Society for Hebrew Day Schools the same day it borrowed money from the Stadtmauers, the document said.

Rabbi Zvi Bloom, executive director of the national educational organization, did not return a request for comment.

Shortly after the loans were made, Platinum’s co-founder and Stadtmauer’s pal, Murray Huberfeld, was arrested and charged with bribing Norman Seabrook, the head of the NYC prison guards’ union for a $20 million investment.

Seabrook was also arrested and relieved of his post as head of the Corrections Officers’ Benevolent Association.

Stadtmauer didn’t return requests for comment about the money, which was revealed in a court document filed by liquidation firm RHSW Caribbean, which has taken over Platinum’s flagship fund at the direction of a judge in the Cayman Islands, where the fund is registered.

His chances of being repaid are looking slim.

At the time of the loan, the flagship fund — which makes up the bulk of Platinum’s $1.3 billion in assets — had just $68,530 in cash.

The cash pile has since grown to $881,976, RHSW said. Still, it’s not enough to make a dent to the $365 million Platinum ‘s flagship fund owes Wall Street traders and other lenders, RHSW said.

Stadtmauer and Huberfeld’s ties go back more than a decade as investors in NorCrown Bank, a Livingston, N.J., bank controlled by Kushner’s dad Charles.

 

To read more click here.

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4 thoughts on “Kushner Family – A Platinum Valued Connection – Have You been Paying Attention????

  1. The headline of this article as well as the full sized (or nearly anyway) picture of Jared featured on the Forbes cover are misleading unless you are purposefully implying that Jared had a financial connection to his aunt and uncle and or Platinum?

    Many of us have relatives involved in activities that we do not approve of. Many of us have relatives that we would not allow our close friends to invest with. Are we guilty for having those relatives? If we accomplish something that some people consider newsworthy in a positive way are we less worthy because of our relatives?

    There was that troll on FM who constantly reminded us all of Shmarya’s grandfather’s ‘crimes’.
    Somehow the grandfather’s behavior was supposed to prove to us that Shmarya was also ——-.
    I think most people saw that implication as ridiculous.

    If you really had go with the same headline the Post used in September – clearly meant to sway voters before the election- was it necessary to then showcase a December cover story on Jared’s role in the election? A picture of the aunt and uncle, possibly with Jared (does he even have any relationship with them?) would have been much more relevant unless there is actually some connection between him and the fund or between him and their cash,

    Like

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