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Lawsuit claims Kushner diverted millions to family business
by
Ted Sherman and Josh Margolin/The Star-Ledger
Tuesday December 02, 2008, 12:05 AM
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.
Continue reading "Lawsuit claims Kushner diverted millions to family business" »
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