Corporate Exec Kushner Sentenced To 2 Years (massive bundling scam to DNC, Clintons, Torricelli)

POLITICAL MONEY LINE ^ | 3/4/05

[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 Kushner’s 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

[jla]

Acquiescence is tantamount to defeat.
I'm convinced that the citizen-politician will save the day for our great nation.
But the truly bright and gifted among the conservatives must be willing to step up. This will mean for many getting involved with local and/or state races and doing the best they can.
Some will be culled to run in races for U.S. congressional seats, but all positions, at any level, are vital.

[Mudboy Slim]

"...all positions, at any level, are vital."

I agree...as we devolve Power from the Federal Leviathan and back to the States, Localities and Individuals, States must be willing to devolve Power to the Localities and Individuals, and Localities need to be willing to devolve Power to the Neighborhoods, Families and Individuals!! This will require enlightened conservatives at every level of Guv'ment!!

FReegards...MUD

[CitizenM]

"...Hitlery is on record (hah) saying that if Kushner got convicted she would return the money...
And, of course,...and after Kerry signs the 180 form, pigs fly, He** freezes over, -- oh, never mind.

[Coldwater Creek]

And for all of those Freepers that want Rudy as President, doesn't this tell us that he is no different from the Clinton's?

[Brian Allen]

<< OK Rudy, then nothing it shall be ..... heheheh ... >>

I can handle that!

Herherherher ....

[Liz]

So.....I see it's unanimous, eh? LOL.

[Brian Allen]

Unanimous!

Blessings -- B A

[Liz]

(Sigh of relief)

[Inwoodian]

These corrupt Dems could have a re-union someday for all who were guests at The Crowbar Hotel. They could hold it at The Hotel Coronado (remember Larry Lawrence?). Of course it would be an overflow crowd so early reservations would be a must. It would have been even more crowded if it weren't for Arkancide.

[Liz]

Required reunion uniform: orange jumpsuits. LOL

Kushner'll look great in this.

[FBD]

>"...you underestimate the Right's pluck and determination, my FRiend...plus, we've got the TRUTH on our side, VICTORY is inevitable!!"<

-Uh-huh. Yeah. Hey Mud; You should go to this website: http://www.notspecter.com/

You can still sign the petition, and contribute your hard earned money to stop Arlen Specter from becoming Chairman of the Senate Judiciary Comittee...
After all, I'm sure "victory is *inevitable*"...

http://www.notspecter.com/

[Mudboy Slim]

You gotta pick yer spots, but the great Culture War is underway and we know that Liberty Trumps Totalitarianism. FReeMarketCapitalism trumps Collectivism/Socialism/Communism/Fascism/Lib'ralism, and Right trumps Wrong.

I'm just playing my role...MUD

[Ann Archy]

Kushner is a REAL classy guy....guess that's why he's a Democrat.

[Liz]

Yeah, Dimocrats have that ineffable "something"....... you could also call it "depraved greed."

Can't think of any other reason why this (gag) billioniare did what he did.

[PGalt]

Thanks for taking the time to post and keep up on the criminals.

[Liz]

My thanks to you as well for contributing to the thread.