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3 MB

Extraction Summary

8
People
7
Organizations
3
Locations
2
Events
3
Relationships
4
Quotes

Document Information

Type: Book excerpt (evidence document)
File Size: 3 MB
Summary

This document is an excerpt from Michael Wolff's book 'Siege' (pages 16-17), stamped as evidence by the House Oversight Committee. It details the internal conflict within the Trump White House regarding Jared Kushner's business dealings, specifically a $184 million loan from Apollo Global Management (led by Leon Black) to Kushner Companies. The text describes Trump's anger that Apollo funded his son-in-law but not the Trump Organization, Ivanka Trump's distress over their legal exposure, and the role of lawyer Abbe Lowell in managing the family's defense against the Special Counsel investigation.

People (8)

Name Role Context
Jared Kushner Senior Advisor to the President
Described as a 'family insider' navigating court politics; facing security clearance issues; received financing from ...
Donald Trump U.S. President
Frustrated with staff profiting at his expense; angry that Apollo funded Kushner but not Trump Organization.
Leon Black Financier / Chairman of Apollo Global Management
Led the fund that provided $184 million to Kushner Companies; objected to Marc Rowan taking OMB job due to disclosure...
Marc Rowan Cofounder of Apollo Global Management
Offered job as Director of OMB by Kushner; declined after Leon Black's objection.
Ivanka Trump President's Daughter / Advisor
Referred to as 'daughter' and 'former New York socialite'; pleaded husband's case; claimed 'Our lives have been destr...
Charlie Kushner Jared Kushner's father
Mentioned as having been in federal prison.
Abbe Lowell Lawyer
Kushner's lawyer; described as a 'showboat of D.C. criminal bar'; provided intel on prosecutors.
John Dowd Lawyer (implied)
Mentioned as 'Dowd'; tried to mollify the president regarding legal threats.

Timeline (2 events)

March 15 (likely 2018)
News broke that the special counsel had issued a subpoena to the Trump Organization.
Washington D.C.
Presidential Transition (Late 2016/Early 2017)
Kushner offered Marc Rowan the job of Director of OMB; Rowan declined.
New York / Washington

Locations (3)

Relationships (3)

Jared Kushner Financial/Business Leon Black
Black's firm Apollo provided $184 million in financing to Kushner Companies.
Donald Trump Political/Familial (Strained) Jared Kushner
Trump suspected Kushner of profiting at his expense; refused to intercede in security clearance issues.
Marc Rowan Business Partners Leon Black
Cofounder and Chairman of Apollo; Black influenced Rowan's decision to decline OMB job.

Key Quotes (4)

"You think I don't know what's going on?"
Source
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Quote #1
"Our lives have been destroyed"
Source
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Quote #2
"The Kushners had gained. He had not."
Source
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Quote #3
"Disloyalty also got Trump's attention. So did conspiracies. And money—always money."
Source
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Quote #4

Full Extracted Text

Complete text extracted from the document (4,549 characters)

16 MICHAEL WOLFF
As a family insider, Kushner, in a game of court politics so vicious that, in another time, it might have yielded murder plots, had appeared to triumph over his early White House rivals. But Trump invariably soured on the people who worked for him, just as they soured on him, not least because he nearly always came to believe that his staff was profiting at his expense. He was convinced that everyone was greedy, and that sooner or later they would try to take what was more rightfully his. Increasingly, it seemed that Kushner, too, might be just another staff member trying to take advantage of Donald Trump.
Trump had recently learned that a prominent New York investment fund, Apollo Global Management, led by the financier Leon Black, had provided the Kushner Companies—the family real estate group that had been managed by Kushner himself while his father, Charlie, was in federal prison—with $184 million in financing.
This was troubling on many levels, and it left a vulnerable Kushner open to more questions about the conflicts between his business and his position in the White House. During the transition, Kushner had offered Apollo's cofounder Marc Rowan, the job of director of the Office of Management and Budget. Rowan initially accepted the job, declining it only after Apollo chairman Leon Black objected to what would have to be disclosed about Rowan's and the firm's investments.
But the president-elect's concerns were elsewhere: he was more keenly and furiously focused on the fact that, in the constant search for financings that occur in mid-tier real estate companies like Trump's, Apollo had never extended itself for the Trump Organization. Now, it seemed baldly apparent, Apollo was backing the Kushners solely because of the family's connection to the administration. The constant accounting in Trump's head of who was profiting from whom, and his sense of what he was therefore owed for creating the circumstances by which everyone could profit, was one of the things that reliably kept him up at night.
"You think I don't know what's going on?" Trump sneered at his daughter, one of the few people he usually went out of his way to try to mollify. "You think I don't know what's going on?"
The Kushners had gained. He had not.
The president's daughter pleaded her husband's case. She spoke of the
SIEGE
incredible sacrifice the couple had made by coming to Washington. And for what? "Our lives have been destroyed," she said melodramatically and yet with some considerable truth. The former New York socialite had been reduced to potential criminal defendants and media laughingstocks.
After a year of friends and advisers whispering that his daughter and son-in-law were at the root of the disarray in the White House, Trump once again was thinking they should never have come. Revising history, he told various of his late-night callers that he had always thought they never should have come. Over his daughter's bitter protests, he declined to intercede in his son-in-law's security clearance issues. The FBI had continued to hold up Kushner's clearance—which the president, at his discretion, could approve, his daughter reminded him. But Trump did nothing, letting his son-in-law dangle in the wind.
Kushner, with superhuman patience and resolve, waited for his opportunity. The trick among Trump whisperers was how to focus Trump's attention, since Trump could never be counted on to participate in anything like a normal conversation with reasonable back-and-forth. Sports and women were reliable subjects; both would immediately engage him. Disloyalty also got Trump's attention. So did conspiracies. And money—always money.
* * *
Kushner's own lawyer was Abbe Lowell, a well-known showboat of D.C. criminal bar who prided himself on, and managed his clients' expectations and attention with, an up-to-the-minute menu of rumors and insights about what gambit or strategy prosecutors were about to dish out. The true edge provided by a high-profile litigator was perhaps not courtroom skill but backroom intelligence.
Lowell, adding to the reports Dowd had received, told Kushner that prosecutors were about to substantially deepen the president's—and the Trump family's—jeopardy. Dowd had continued to try to mollify the president, but Kushner, with intel supplied by Lowell, went to his father-in-law with reports about this new front in the legal war against him. Sure enough, on March 15 the news broke that the special counsel had issued a subpoena
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