Asset-Management Firm Claims It Was Stiffed by Kushner Company

(CN) – An asset management firm claims Kushner Companies, formerly run by Jared Kushner, son-in-law and senior adviser to President Donald Trump, hasn’t been paid for recovery services it provided to the real estate giant since June.

The complaint, filed last week by Asset Management Consultants of Virginia Inc., alleges that Kushner Companies hired their team to recover roughly $488,000 of assets from Colts Neck Township in New Jersey.

The consultancy says the agreed upon fee of 20 percent should have yielded the firm at payment of nearly $98,000.

But according to the complaint, which was filed in the Prince William Circuit Court of Virginia on September 20, Kushner Companies refused to pay the fee – and other associated penalties – “without excuse or justification.”

Before assuming his role as White House advisor, Jared Kushner divested his portfolio, resigning as chief executive from the family-owned Kushner Companies.

According to his government ethics disclosure form, Kushner still retains some economic interest in Kushner Companies property, particularly 65 Bay Street in Jersey City, New Jersey.

A spokesperson for Kusher Companies responded by email on Tuesday saying: “We will respond to the complaint, which we have not seen, at the appropriate time in the legal proceedings.”

Asset Management’s attorney, Harvey Volzer, partner of the Alexandria, Virginia firm Shaughnessy and Volzer, said via email that while he did not normally comment on civil cases, the company “often finds forgotten bonds for construction, development and other companies.”

%d bloggers like this: