President Donald Trump's son-in-law and special envoy Jared Kushner is not taking a new book excerpt lying down. On Thursday, Kushner forcefully denied allegations that he accessed secret bank accounts involving Middle Eastern governments during Trump's first administration, calling the claims "completely insane" and insisting they "never happened."

The Allegations: Secret Accounts and $1.75 Billion in Transfers

"Vanity Fair posted an excerpt from a book containing outrageous and categorically false allegations," Kushner wrote Thursday on X. "We denied every one of these claims on the record, yet the author failed to provide a single shred of evidence to substantiate any of them."

"None of these allegations ever surfaced, because none of these events ever happened," Kushner added.

The Vanity Fair report, excerpted from journalist Matthew Cole's forthcoming book, alleges Dutch intelligence monitored Kushner's phone and discovered access to a United Arab Emirates-linked account that received about $750 million through Azerbaijan.

Cole also alleged that a separate Israeli account received roughly $1 billion intended for Kushner's benefit, involving UAE President Mohamed bin Zayed Al Nahyan and Israeli Prime Minister Benjamin Netanyahu. Former U.S. Ambassador David Friedman denied involvement, speaking to the publication.

Kushner Pushes Back on the Evidence

Kushner's rebuttal leaned heavily on the absence of documentation. "No bank statements, wire transfer records, account numbers, transaction dates, or other verifiable details were provided," he wrote, citing over 30 hours of testimony during previous investigations.

He described the report as "a mixture of fantasy, fiction, and advocacy."

Kushner's attorney Chad Mizelle separately disputed the allegations and threatened legal action. White House spokesperson Anna Kelly called them "baseless smears."

Earlier Foreign Investments Drew Congressional Scrutiny

This is not the first time Kushner's finances have been in the spotlight. The controversy follows earlier scrutiny of his financial disclosures and questions about his Israeli investments.

Reuters previously reported in March 2025 that Kushner's investment firm, Affinity Partners, managed $4.8 billion after receiving additional Gulf funding in 2024. Separately, in February 2024, the Associated Press documented a $2 billion Saudi investment that Kushner defended against conflict-of-interest concerns.

Democrats previously questioned Affinity's Saudi funding, while Sen. Elizabeth Warren (D-Mass.) raised concerns about Kushner's diplomatic and business roles. Those documented investments are separate from Cole's disputed allegations.