Lawsuit Claims New York Observer Owner Kushner's Father Funneled Millions To Newspaper
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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Newark Star-Ledger | Ted Sherman and Josh Margolin | December 2, 2008 10:34 PM