More...
 

Lawsuit Claims New York Observer Owner Kushner's Father Funneled Millions To Newspaper

digg Share this on Facebook Huffpost - stumble reddit del.ico.us RSS

Newark Star-Ledger   |   Ted Sherman and Josh Margolin   |   December 2, 2008 10:34 PM

Read More: Charles Kushner, Charles Kushner Money, Jared Kushner, New York Observer, Media News

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.

Read the whole story here.

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 newspa...
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 newspa...
digg Share this on Facebook Huffpost - stumble reddit del.ico.us RSS
 
Comments
2
Pending Comments
0
iPhone App Promo

Want to reply to a comment? Hint: Click "Reply" at the bottom of the comment; after being approved your comment will appear directly underneath the comment you replied to

View Comments:
- mec57 I'm a Fan of mec57 permalink

This guy looks like a major p--k...

    Favorite    Flag as abusive Posted 06:24 AM on 12/03/2008
- mphalen I'm a Fan of mphalen permalink

He's just a father bailing out his son. Rich people do that alot in this country. Ask still President Bush.

    Favorite    Flag as abusive Posted 12:08 AM on 12/03/2008
Comments are closed for this entry

You must be logged in to reply to this comment. Log in  or  Connect