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POLITICS · OCT 23, 2026

Jared Kushner Denies Allegations of Secret $2 Billion Gulf Accounts

Jared Kushner denied claims that he managed secret foreign bank accounts containing $2 billion provided by Saudi and Emirati royals during the Trump administration.

Former senior White House adviser Jared Kushner has denied allegations that he managed secret foreign bank accounts containing approximately $2 billion provided by Gulf royals during Donald Trump's first term. The claims appear in an excerpt from the forthcoming book 'Princes and Thieves' by journalist Matthew Cole, who alleges that Saudi and Emirati funds were placed in accounts in the United Arab Emirates and Israel.

Cole claims that some of these funds were used for Kushner's personal benefit and asserts that Dutch military intelligence monitored Kushner's iPhone, observing him access a UAE account. The book further alleges that Azerbaijan was used as a transit point to move funds to avoid auditors and that approximately $1 billion was moved to the central bank of Israel for Kushner.

Kushner dismissed the accusations as "completely insane" and "categorically false," arguing that no verifiable evidence, such as bank statements or wire transfer records, was provided. Former U.S. Ambassador David Friedman also denied the allegations, stating he had no knowledge of the claims. The allegations suggest potential violations of the Foreign Agents Registration Act and federal bribery laws.


Reported across 4 outlets
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