Ivanka’s Ex-Business Partner Speaks On Business Troubles
Image by YouTube
By Josh Nathan-Kazis August 29, 2017
Moshe Lax, a former business partner of Ivanka Trump, said in a statement that his business troubles stemmed from issues with his father’s estate.
The statement comes after a feature in Politico Magazine laying out a litany of legal entanglements and real estate battles involving Lax, whose partnership with Ivanka Trump appears to have wound down.
In his statement, Lax said that upon his father’s death in 2008, his father’s estate was “$160 million underwater” and owed taxes to the IRS.
“The day I got up from shiva, I faced 21 defaults and lawsuits due to his death. Money was invested with real estate developers in 2007 and projects collapsed,” Lax said. “I inherited a boatload of problems. “I feel I delegated too much, too freely, to advisers and lawyers, and I was in over my head.”
Lax said that he thinks highly of the Trump family, and is proud of the work he did with Ivanka Trump.
“What is being reported is primarily the result of the estate problems that I inherited,” Lax said.
Contact Josh Nathan-Kazis at nathankazis@forward.com or on Twitter, @joshnathankazis.
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.
Now more than ever, American Jews need independent news they can trust, with reporting driven by truth, not ideology. We serve you, not any ideological agenda.
At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and the protests on college campuses.
Readers like you make it all possible. Support our work by becoming a Forward Member and connect with our journalism and your community.
Make a gift of any size and become a Forward member today. You’ll support our mission to tell the American Jewish story fully and fairly.
— Rachel Fishman Feddersen, Publisher and CEO
Join our mission to tell the Jewish story fully and fairly.
