Lawsuit Claims New York Observer Owner Kushner's Father Funneled Millions To Newspaper
Newark Star-Ledger:
One of the biggest commercial real estate deals in New York history was used by developer Charles Kushner to funnel more than $5 million into the New York Observer, the perennially money losing newspaper run by his son Jared, according to a former top Kushner executive.
In a lawsuit filed in state Superior Court, Kevin Swill, the former president of Westminster Capital Associates -- the financing arm of Kushner Companies -- charged that the real estate transaction was improperly used to help prop up the influential weekly, purchased by the family in 2006.






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First Posted: 12- 2-08 10:34 PM | Updated: 01- 2-09 05:12 AM