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


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

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

Read the whole story: 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 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...
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- mec57 I'm a Fan of mec57 3 fans 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 10 fans permalink
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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
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