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

The New York Times and The Washington Post reported over the weekend that Kushner's sister, Nicole Meyer, touted access to her brother and support from Trump during a presentation in Beijing while seeing investors for a luxury apartment building in New Jersey being built by Kushner Properties.

"In 2008, my brother Jared Kushner joined the family company as CEO, and recently moved to Washington to join the administration", Meyer said.

Speaking in a ballroom [in Beijing], Ms. Meyer said the project "means a lot to me and my entire family".

Jared Kushner, 36, senior adviser and son-in-law of US President Donald Trump, has far-reaching influence over domestic and foreign policy.

Jared Kushner stepped away from his family's business after becoming a senior adviser to President Trump. The pitch would reportedly take advantage of a US visa program that, according to Bloomberg, has benefited both the Trump and Kushner real estate businesses in the past. The context, per CBS News, was used to encourage Chinese investors to help fund the New Jersey real estate project in exchange for the controversial EB-5 immigrant investor visa program, "which allows permanent USA residency for those who finance projects that create a certain amount of jobs".

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During her seven-minute speech at Shanghai's Four Seasons Hotel on Sunday, Kushner Meyer did not mention her brother or Trump, talking instead about her family's history since her grandparents went to the United States as refugees in the 1940s.

The Beijing pitch event for One Journal Square was hosted by a Chinese firm called Qiaowai, which is working with Kushner Companies to secure funding for the project.

The Kushner Company declined to comment for this story. "Invest early, and you will invest under the old rules", one speaker explained.

Organizers yesterday barred journalists from a publicly advertised event in Shanghai to attract investors to One Journal Square. Investors were told to act now, as the visa progam could change.

"What you actually would need to know in terms of a concern about impartiality and to whom he may owe some kind of loyalty or gratitude, is not just the name of the organization, but also the identity of companies and individuals who have also invested in that organization and made the real estate project possible", Clark said. The company says about 15% of it will be funded through the EB-5 program.

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PARK: And they were going to hire around, like, 200 people, 200 full-time employees over the course of two years with the help of EB-5 financing. The program has offered wealthy foreigners a way around complicated USA immigration rules, allowing them to live in the United States and seek permanent residency in return for substantial investments.

White House spokesman Sean Spicer says Jared Kushner has no involvement in the project. Kushner officials are also making more presentations next weekend in the southern cities of Shenzhen and Guangzhou. He's a correspondent for The Washington Post, and he's been reporting on this whole issue stateside.

"EB-5 is also rife with fraud and abuse".

"There is much harrumphing as the Kushner companies are found to be extolling the idea of investment in the United States economy as a way to gain a residence visa for America", writesForbes contributor Tim Worstall, a fellow at the Adam Smith Institute in London.

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