Matthew Cole’s new book, Princes and Thieves, alleges Jared Kushner had a secret plot with the United Arab Emirates to remake Middle East policy. Cole claims Kushner got access to $2 billion. Kushner’s lawyer said the allegations are "crazy, false and defamatory" and threatened legal action against the publisher last week.

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PRINCES AND THIEVES: Jared Kushner and Mohamed bin Zayed's Secret Plot to Remake the Middle East, by Matthew Cole

It is hard to know where to look. Donald Trump's two presidential terms generate so many outrages and depredations that they become a giant kaleidoscope of ever-changing distractions. In "Princes and Thieves," his startling and important book alleging previously unreported activities by Jared Kushner during the first Trump administration, the investigative journalist Matthew Cole, a veteran reporter on national security, asks us to focus our eyes on the collection of oil-rich sheikhdoms known as the United Arab Emirates.

If Cole's claims are accurate, Kushner's political and financial relationship with the U.A.E.'s president, Mohammed bin Zayed (widely known as M.B.Z.), constitutes what must surely be the worst case of U.S. foreign policy being conducted outside the law and democratic oversight since the Iran-contra scandal during the Reagan administration in the 1980s.

In that affair, government officials secretly sold arms to Iran and used the proceeds to fund -- against the explicit orders of Congress -- a violent right-wing insurgency in Nicaragua. What Cole alleges is, if anything, more consequential: that Kushner worked with the U.A.E. to shape U.S. policy across the Middle East and that, in the course of this work, he was given access to bank accounts containing roughly $2 billion.

Two caveats must be entered. Cole's most significant sources remain anonymous: Recurring attributions in his notes include "a confidential source with direct knowledge" and "author interview with source who attended the meeting." It is equally important to acknowledge that Kushner declined to be interviewed for Cole's book. His lawyer described Cole's allegations as "crazy, false and defamatory" and last week threatened legal action against Vanity Fair, which published an excerpt from the book.

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To Cole's credit, he recognizes that, even after five years of digging, "much remains unknown about Kushner's relationships and agreements with the leaders of Israel, Saudi Arabia, Qatar and, especially, the United Arab Emirates."

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