Book claims Dutch spies watched Jared Kushner log into a secret UAE bank account from his hacked iPhone, an account his lawyer says never existed

Russian spies allegedly hacked Jared Kushner’s phone, and a new book claims Dutch investigators traced a $2 billion money trail he calls ‘insane’

Russian operatives reportedly gained access to Jared Kushner’s iPhone, and Dutch spies later found a way to monitor the device, according to a new book. Their investigation allegedly uncovered a money trail involving at least $2 billion linked to Kushner.

According to The Daily Beast, the claims appear in an excerpt from Princes and Thieves, an upcoming book by investigative journalist Matthew Cole. The excerpt details how Dutch investigators allegedly traced two secret bank accounts in the Middle East linked to Kushner, who dismissed the allegations as “outrageous fabrications.”

The story reportedly begins in 2017. Dutch authorities are said to have arrested a Russian GRU operative who was heading to the U.K. on a spy mission. According to the excerpt, they gave him two choices: work for Dutch military intelligence or be arrested by the British.

How a Russian spy allegedly led Dutch investigators to Kushner

He reportedly switched sides. According to the excerpt, he gave the Dutch access to a sensitive GRU server that allegedly held screenshots from Kushner’s iPhone X.

By 2018, the Dutch had reportedly worked out how the Russians got in. They are said to have stayed on the phone to watch Kushner’s activity. He was a senior adviser to the president then and led the Office of American Innovation.

His foreign policy work has also faced scrutiny in Congress, including an Arizona congresswoman’s call for testimony under oath. Kushner has not been charged with any wrongdoing in connection with the book’s claims.

During the alleged monitoring, Dutch investigators reportedly saw Kushner log into a UAE bank account known as Alpha. Held at First Abu Dhabi Bank, it had reportedly received hundreds of millions of dollars from a bank in Azerbaijan.

According to the excerpt, the account began with an idea from Mohamed bin Zayed and Saudi Crown Prince Mohammed bin Salman, who reportedly wanted a slush fund for Trump administration goals. The fund allegedly fizzled, but at least $2 billion allegedly went into two accounts for Kushner.

The Times of Israel, which also covered the excerpt, adds more detail. It says the first account officially belonged to the Watani Al Emarat Foundation, a UAE-funded charity. Kushner was reportedly a signatory, which gives access without ownership.

Cole also cited four senior Trump administration officials who reportedly knew of no presidential approval for the alleged arrangement. A former US prosecutor said the accounts, if they existed as described, may have violated transparency laws.

The reports differ on who transferred the $1 billion allegedly held in the second account. One attributes the transfer to Saudi Crown Prince Mohammed bin Salman, while the other says it came from bin Zayed. Both reportedly describe Netanyahu urging Kushner to deposit the money in Israel’s central bank.

Kushner wrote on X that the allegations were “completely insane and never happened.” A lawyer representing Kushner also said the account did not exist. Former US ambassador to Israel David Friedman also disputed the reporting, calling claims about his involvement “100 percent false.”

Kushner’s Gulf connections have been the subject of earlier reporting, including on concerns about his Middle East ties within US intelligence. None of those reports established the accounts described in Cole’s book.

The excerpt also reportedly describes discussions about a third account intended to serve as “something like a rainy-day defense fund” for the UAE. The proposed fund was allegedly connected to diplomatic efforts involving Kushner and Israel before the Abraham Accords.

Kushner, 45, now works alongside special envoy Steve Witkoff in the second Trump administration. Cole’s book has not yet been released.