A forthcoming book by journalist Matthew Cole alleges that billions of dollars moved through accounts linked to Kushner during Trump’s first presidency, including a reported $1 billion transfer allegedly intended for his personal benefit. Kushner’s lawyer says the alleged accounts do not exist.
BY PC Bureau
October 2: Jared Kushner, Donald Trump’s son-in-law and former White House adviser, allegedly entered into secret financial dealings with Saudi, Emirati and Israeli leaders, including arrangements involving billions of dollars, according to a Vanity Fair report. Kushner has strongly denied the allegations, calling them “categorically false” and accusing the author of fabricating the claims.
Dutch intelligence agencies allegedly monitored Kushner’s iPhone during Trump’s first presidency and uncovered these purported financial arrangements.
The report draws on an excerpt from journalist Matthew Cole’s forthcoming book, Princes and Thieves: Jared Kushner and Mohamed bin Zayed’s Secret Plot to Remake the Middle East. It alleges that Dutch intelligence officers observed Kushner, then a senior White House adviser, accessing a bank account linked to the United Arab Emirates that had received hundreds of millions of dollars originating from Azerbaijan.
According to the report, nearly $750 million was transferred into an account at First Abu Dhabi Bank held by the Watani Al Emarat Foundation, a charity funded by the UAE government. Kushner was allegedly a signatory to the account, giving him access to it, although he was not its owner.
The account was reportedly overseen by Tahnoon bin Zayed, chairman of the bank and brother of UAE President Mohamed bin Zayed.
The report further alleges that Mohamed bin Zayed and Saudi Crown Prince Mohammed bin Salman conceived the account as a potential slush fund to support the Trump administration’s foreign policy objectives. Although the reported plan ultimately failed to materialise, the two leaders allegedly deposited at least $2 billion into two accounts linked to Kushner.
interesting story from a new book:”princes and thieves”
allegedly: MBS (Saudi) and MBZ (UAE) gave Kushner access to $2B via Azerbaijan, a charity and Israel’s central bank.
the dutch spies watched it all on his iphone 😬🍿
https://t.co/ZWNsvcyMEm
archived
https://t.co/rjIIgh2LPY https://t.co/yjzeBeYymI— nexusloops (@nexusloops) October 23, 2026
A separate account was allegedly used to transfer approximately $1 billion for Kushner’s personal benefit. The report claims that Mohamed bin Zayed arranged the transfer, while Israeli Prime Minister Benjamin Netanyahu encouraged Kushner to have the money deposited in Israel.
Kushner allegedly discussed the transactions through David Friedman, who served as the US ambassador to Israel during Trump’s first term.
The allegations concern events during Trump’s first presidency. They have not been established as findings of wrongdoing, and Kushner and his lawyer have strongly rejected them.
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Kushner Rejects Allegations
Kushner called the claims “outrageous” and “categorically false” in a post on X, accusing the publication of presenting fiction as investigative journalism.
“These are outrageous fabrications being presented as investigative journalism. This is not journalism. It is a mixture of fantasy, fiction, and advocacy, written by someone who is either deeply disturbed or acting with sinister intent,” he wrote.
Kushner also said the allegations were “completely insane and never happened”. He maintained that the author had failed to provide documentary evidence to substantiate the claims despite the allegations having been denied on the record.
“No bank statements, wire transfer records, account numbers, transaction dates, or other verifiable details were provided to support these extraordinary accusations,” he said.
He argued that he had faced extensive scrutiny during the period in question, including sustained media attention, congressional investigations and a special counsel probe. Kushner said he had voluntarily cooperated with the investigations and provided more than 30 hours of testimony.
“None of these allegations ever surfaced, because none of these events ever happened,” he added.
Kushner’s attorney, Chad Mizelle, also rejected the claims as “categorically false”, insisting that the alleged accounts did not exist.
“These are not questions of interpretation or competing recollections: there are no bank accounts. They don’t exist. These are egregious and defamatory claims without a shred of evidence to substantiate them,” Mizelle said.
Asked whether Kushner would pursue legal action, Mizelle replied: “All options are on the table.”
