President Donald Trump and Jared Kushner have strongly rejected investigative findings alleging that Kushner held or controlled hidden foreign financial accounts receiving hundreds of millions of dollars from Gulf state sources while working as a senior White House adviser in 2018.
The allegations, published by Vanity Fair and summarized by The New Republic, rest on Dutch intelligence and law enforcement data. Investigators reportedly obtained information from a 2018 phone breach involving a Russian hacker who had been turned as an informant, according to the reports.
The investigations claim Kushner had signing authority over or access to undisclosed accounts abroad, including one connected to the United Arab Emirates that took in hundreds of millions of dollars. This allegedly occurred while he was engaged in foreign policy work and diplomatic activities for the administration. Both Trump and Kushner have denied any impropriety, with Kushner calling the allegations fabricated and absurd.
The reports have triggered sharp political reaction. Political strategist Steve Schmidt, appearing on The Jim Acosta Show, compared the situation to historical betrayal. "It's unfathomable what the accusation is.. but not only would it be an act of corruption, it's an act of treason unequaled since Benedict Arnold," Schmidt told host Jim Acosta. He said Congress would need to assign hundreds of investigators to fully examine what he described as potential foreign entanglements across the executive branch.
Host Jim Acosta noted that Dutch monitoring allegedly tracked transfers worth hundreds of millions while Kushner held his official position during 2018. Political observers have suggested that should Democrats gain seats in upcoming midterm elections, Kushner's foreign financial connections and security clearance history would likely face scrutiny through congressional committee investigations and formal requests for documents.
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