Full Breakdown
Jared Kushner’s Alleged Secret Gulf-Funded Bank Accounts and the Dutch-Intercepted iPhone
By Drooid · · How we work
Core Event: Alleged Access to Secret Foreign Accounts Revealed Through Hacked iPhone Screenshots
Investigative journalist Matthew Cole’s upcoming book *Princes and Thieves* claims Dutch military intelligence (MIVD) used a Russian GRU-originated hack to view Jared Kushner’s iPhone in early 2018. The material reportedly links the transfers to a warlord, a mercenary and a former hit man. Cole alleges Saudi Crown Prince Mohammed bin Salman and UAE ruler Mohamed bin Zayed placed at least $2 billion into two secret accounts—one at First Abu Dhabi Bank (“Alpha”) and a second at Israel’s Central Bank (“Beta”).
Background & Context
During President Donald Trump’s first term, Kushner served as a senior adviser and was required to file financial disclosures and register as a foreign agent if he acted for foreign governments. Prior reporting noted scrutiny of his private-equity firm Affinity Partners, which later raised $6 billion, largely from Gulf sovereign-wealth funds.
Data & Statistics
- Total alleged funds: roughly $2 billion.
- Alpha account: about $750 million deposited at First Abu Dhabi Bank.
- Beta account: approximately $1 billion moved to Israel’s Central Bank via an Azerbaijani bank.
- Transfers are said to have occurred early 2018 (Alpha) and spring 2018 (Beta).
Official Statements & Responses
- Kushner posted on X, calling the reporting “completely insane” and “outrageous fabrications.”
- Citizens for Responsibility and Ethics in Washington (CREW) filed a lawsuit in the D.C. District Court seeking to block Kushner from serving as a foreign-policy envoy without Senate confirmation.
Criticism & Opposition
Barak Ravid of Axios raised doubts about the technical feasibility of the alleged Israeli account and described several elements of the financial arrangement as “extremely questionable.”
Verbatim Quotes
- “Because he had access to classified government secrets,” — Matthew Cole, investigative journalist
- “The allegations made by this author are completely insane, categorically false, and never happened,” — Jared Kushner
- “In addition to the Alpha bank account, MBZ [the Saudi crown prince] put money into at least one other account intended for Kushner. By the spring of 2018, the crown prince had moved roughly $1 billion to Israel via Azerbaijan for Kushner,” — Matthew Cole
Timeline
- Early 2018: Dutch MIVD gains real-time screen access to Kushner’s iPhone after reverse-engineering a Russian GRU exploit.
- Spring 2018: Cole says MBZ moves roughly $1 billion to Israel via Azerbaijan for Kushner.
- October 22 2026: Vanity Fair publishes the book excerpt; Kushner issues a social-media denial.
Conflicting Reports & Gaps
- Existence of accounts: Kushner and his lawyer deny any such accounts; Cole’s narrative relies on unnamed intelligence sources and a former Mueller prosecutor’s assessment.
- Evidence base: The excerpt provides no bank statements, wire-transfer records, or account numbers, leaving the trail unverified.
- Third-party verification: No independent audit or governmental investigation has confirmed the alleged transfers.
What’s Next
CREW’s lawsuit proceeds in federal court, and the outcome could determine whether Kushner may continue serving as a special envoy without Senate confirmation. No further congressional or investigative actions have been announced.