Posted on 03/04/2005 1:37:18 PM PST by Liz
Charles Kushner
Charles Kushner, former chairman of Kushner Companies, a real estate and apartment owning/managing company in northern New Jersey and the Northeast, was sentenced on 3/4 to twenty-four months in prison and fined $40,000. He had been free on $5 million bail.
Kushner, a major fundraiser for Democrats, pleaded guilty in August to giving false statements to the FEC regarding $385,000 in political contributions he made from real estate partnerships without the permission of other partners, falsifying tax forms (16 counts), improperly listing $1 million in charitable contributions as business expenses, and shaving funds several hundred thousand dollars off taxes owed, and retaliating against his sister - a government witness.
Kushner had already paid the FEC a civil penalty of $508,900. The contributions were made in 1997-2000 and came from forty partnerships he controls. The recipients included 13 candidate committees, one party committee and one PAC.
Because federal law prohibits convicted felons from owning any interest in a bank, federal regulators forced the sale of Kushner-owned NorCrown Bank in New Jersey. On Nov. 11, Valley National Bancorp finalized a deal to buy NorCrown for $141 million. The Federal Reserve and the Federal Deposit Insurance Corp reached a settlement in February with Kushner and a trust fund requiring them to pay $12.5 million for not fully identifying all the persons connected to the family trust that owned the bank.
Kushner may also owe between $200,000 and $320,000 in back taxes.
PoliticalMoneyLine highlighted the Kushner bundles in its May 30, 2001, home page link.
See also DOJ press release on Kushners guilty plea (link).
Companies, partnerships & individuals connected to Charles J. Kushner (Kushner Companies) bundled over $1 million to federal candidates and the DNC in 1999-00.
The scheme involved at least 72 partnerships/companies and 75 individuals/employees in and around Florham Park , NJ. The principal recipients were the DNC ($383K); Com for Working Families CWF (PAC of Mayor McGreevey, Woodbridge, NJ); Mayor Giuliani ($100K); Hillary Clinton ($79K); Jon Corzine ($72K); Sen Bob Torricelli ($57K); and Al Gore ($51K).
The employee relationship, timing and bundling of the donations has raised questions about who controlled the money and if the money was laundered with the use of 'straw' donors names.
CWF got 18 donations ($90K) on 5/2/00; Giuliani got 33 donations ($63K) on 3/31/99, and 35 ($35K) on 12/29/99; Clinton got 68 ($68K) on 6/29/00; Torricelli got 18 ($18K) on 1/22/99, and 38 ($38K) on 2/19/99; Gore got 33 ($33K) on 12/30/99 and 25 ($25K) on 2/10/00; Corzine got 30 ($30K) on 2/24/00, 18 ($18K) on 3/6/00 and 12 ($12K) on 3/31/00. Six individuals made 20 or more donations, totaling between $26K -$60K each. Download the spreadsheet file. Read additional text. http://www.politicalmoneyline.com/bundle.xls
http://www.freerepublic.com/focus/chat/1352722/posts
New Jersey - Corruption and Scandal BUMP LIST
Mr. Bundle goes to Club Fed. Next: Sentencing for the obstruction of justice plea....
Strike that, it looks like it was in this plea--the retaliation count. Sorry...
Great link....thanks for posting.
list ping
(Sniffle) Kushner's just a victim (sob).
>>>Mayor Giuliani ($100K)
???????
I'm confused by this one.
This guy will probably go to one of those places like the Martha Stewart was in. If there was any justice, they should have charged him at the state level. Then he would have gone to a real prison..
Kushner has priority issues that Rudy genuflected to.
(Wink wink-nudge-nudge)
I didn't know that.
Was it coincidence? Or is Giuliani buyable?
Rudy needs to run and hide.
Did you not know that Kushner was the, ah, "matchmaker" between McGay and Golan Cipel? That's right. Kushner has developments in Rishon Letzion, Ciple's hometown, the place McGay was introduced to Cipel----this was two weeks after then-Mayor McGay had proposed marriage to his current wife (or soon to be ex). McGay then brought Cipel to NJ and when he was elected governor, he made the turd the state's Homeland Security chief.
What a sleazebag. Good they nailed him.
Rudy was bought and paid for by every special interest in NYC and beyond. He was politiclaly dead....til 9/11.
A total slap on the wrist that will deter nobody.
I had no idea. I thought he was one of the good guys :(
Just honest accounting errors and a mistake in judgement or two due to stress, he's being railroaded by the VRWC...
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