Kushner's kin woo investors in China, offer green card in return

Kushner's kin woo investors in China, offer green card in return

Kushner's kin woo investors in China, offer green card in return

Nicole Meyer, the sister of Jared Kushner, who wields considerable position of influence on President Donald Trump, was in Beijing, China Saturday to raise funds from investors for a $976.4 million Kushner Companies' residential and commercial project underway in New Jersey. The company is seeking 300 aspiring USA residents to invest a total of $150 million, and it follows other Kushner family projects using the investment program known as EB-5, including a nearby Trump-licensed building promoted as "Trump Bay Street".

"Kushner Companies 'apologizes if that mention of [Meyer's] brother was in any way interpreted as an attempt to lure investors, ' it said in a statement emailed to NPR, adding that it was not her intention". Her relationship to Jared Kushner was also mentioned during the presentation hosted by Chinese company Qiaowai, the Washington Post reported.

A similar meeting was held in Shanghai on Sunday. The program, which is popular among wealthy Chinese people, has been nicknamed the "golden visa". In a funding measure Trump signed last week to keep the US government running through the end of September, there is money for additional border security, but not the wall.

The other participant, Bi, who is pregnant, said she was considering immigrating to America to give her child an academic environment that is "more relaxing; where one can pursue real interests and where the child can do something that they really want to do". And I think, you know, the implications since she was addressing a group of potential investors and immigrants was that, you know, they could make it, too, if they invested with Kushner Companies.

The Washington Post, however, while reported that the event in Beijing was held with a message that the Kushner family came to the USA as refugees, worked hard and made it big and if you invest in Kushner properties, so can you.

The sister of White House aide Jared Kushner leveraged her brother's name in a sales pitch to Chinese investors, on behalf of the family's real estate venture.

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In return, the investors would qualify for an EB-5 investor visa, a fast track to permanent legal residence in the United States.

"Even though this is the project of the son-in-law's family, of course it is still affiliated", Wang said.

Kushner and his wife, Ivanka Trump, have both made efforts to distance themselves from their business holdings when they began to serve under the Trump administration. The authorities said the key suspects in the case helped wealthy Chinese obtain U.S. residency visas in exchange for bogus investments.

A former White House ethics lawyer, however, disagrees.

Funding for the investor visa program remains intact but congressional critics have attacked it in the past as rife with fraud, with investment money supposedly targeted at improving life in impoverished communities ending up instead being used to build projects in affluent neighborhoods.

Jared Kushner headed his family's company before going to work for his father-in-law and putting his shares in a trust. "Furthermore, numerous wealthiest areas in America have been inaccurately designated as "high-unemployment" in order to allow investors to obtain a green card for the smaller US$500,000 investment".

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