March 19, 2018

IT'S A RICO INDICTMENT THEY SHOULD BE WORRIED ABOUT:

AP Exclusive: Kushner Cos. filed false NYC housing paperwork (BERNARD CONDON, 3/18/18, AP)

When the Kushner Cos. bought three apartment buildings in a gentrifying neighborhood of Queens in 2015, most of the tenants were protected by special rules that prevent developers from pushing them out, raising rents and turning a tidy profit.

But that's exactly what the company then run by Jared Kushner did, and with remarkable speed. Two years later, it sold all three buildings for $60 million, nearly 50 percent more than it paid.

Now a clue has emerged as to how President Donald Trump's son-in-law's firm was able to move so fast: The Kushner Cos. routinely filed false paperwork with the city declaring it had zero rent-regulated tenants in dozens of buildings it owned across the city when, in fact, it had hundreds.

Posted by at March 19, 2018 3:55 AM

  

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