CADRE, a real estate investment firm co-founded by Jared Kushner, (who still owns 25%), accepted $90m in foreign funding, placed through an opaque offshore vehicle in the Cayman Islands, and coming in from yet another tax haven, effectively concealing the identities of the investors. the largest investors are said to include citizens of Saudi Arabia. What's wrong with this picture ?
Kushner's stock in Cadre is said to be currently worth $50m; Who are the principal foreign investors in the company ? This appears to be a textbook example of Conflict of Interest, suitable for a law school casebook. Unfortunately, it is true.
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