Published: Sat, May 20, 2017
Global News | By Stacy Ballard

Kushner Family Apologizes for Referring to White House Adviser Jared Kushner

Kushner Family Apologizes for Referring to White House Adviser Jared Kushner

Kushner Companies, the business run by the family of President Donald Trump's son-in-law Jared Kushner, faced criticism this weekend when it gave a presentation to wealthy Chinese investors informing them that they could get American visas if they invested in the Kushners' real estate projects.

Ms Meyer mentioned her brother on Saturday and Sunday while urging investors to put $500,000 (£386,500) into a New Jersey real estate project in exchange for investor visas and residency cards in the USA through the so-called EB-5 programme.

Nicole Kushner Meyer was in China at the weekend, seeking more than $150 million in investment in a luxury apartment complex known as 'One Journal Square, ' on which ground is scheduled to break early next year.

Meyer was introduced as representative of "a famed celebrity investment family" and QWOS staff dropped Ivanka's name during the event, sparking concerns of conflict of interest, according to the AFP (via Shanghai Daily).

On top of that, part of the pitch included trying to secure investments of at least $500,000 so that investors would be eligible for an EB-5 visa.

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The project promoted by Meyer in Beijing is a 79-story apartment building in Jersey City, New Jersey, called Kushner 1. The program has offered wealthy foreigners a way around complicated US immigration rules, allowing them to live in the United States and seek permanent residency in return for substantial investments.

Meyer also spoke to investors in Shanghai on Sunday. He said in a statement Monday that he will recuse himself from EB-5 matters. A spokesperson for the company and Meyer subsequently apologized and denied that "mention of her brother was in any way interpreted as an attempt to lure investors".

Feinstein said the EB-5 program presents "a stark conflict of interest" for President Trump and Kushner, both of whom have used EB-5 funding for construction projects.

The EB-5 program, which lawmakers have targeted for reform, is authorized through government spending bills and has been renewed continuously for years as Congress has opted to renew short-term continuing resolutions.

The key message of the events, according to the WaPost: "The Kushner family came to the United States as refugees, worked hard and made it big - and if you invest in Kushner properties, so can you".

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One speaker at Saturday's event urged would-be investors to "invest early, and you will invest under the old rules", in case USA lawmakers change regulations with the visas.

Yeah. And besides that, Chinese investors have a history of not only getting things done but also making them last, unlike certain others. He stepped down from the family company in January to serve in the administration.

TAMARA KEITH, BYLINE: In a ballroom at the Ritz-Carlton Hotel in Beijing, Nicole Kushner Meyer made a presentation to potential investors.

"The lower investment level is meant to spur investments in rural and high-unemployment areas". Qiaowai says on its website (in Chinese only) that the project is the 87th EB-5 project it has marketed in China, and also its second time working with the Kushners.

The proposed EB-5 investment would account for around 15 percent of the total investment of $976 million required for the project.

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Organizers prevented reporters from attending the event, saying it was a private function even though it is publicly advertised.

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