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

Kushner Family 'Invest $500K and Immigrate to the U.S.'

Kushner Family 'Invest $500K and Immigrate to the U.S.'

Before being asked to leave, reporters heard Jared Kushner's sister Nicole Meyer tell Chinese investors that they could participate in a New Jersey real estate project that "means a lot to me and my entire family".

On Monday, the Kushner family apologized for mentioning Jared Kushner, saying there was no intent to push investment by highlighting family ties to Washington. That was not Ms. Meyer's intention.

The presentation by representatives from the Kushner real estate business also once again raised questions about the family's business ties overseas, and whether they pose a conflict of interest for Jared Kushner, trusted adviser and son-in-law to President Donald Trump.

Kushner is a senior advisor and son-in-law of United States President Donald Trump.

The event itself encouraged Chinese investors to do business with Kushner properties with the incentive of coming to the US on a visa program given to those who spend at least $500,000 in property investment.

Guests at the Beijing events were advised to put their money in the Kushner project via the EB-5 program, which awards foreign investors a two-year visa in exchange for investing at least $500,000 in a development project promising to create at least 10 jobs.

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"They clearly imply that the Kushners are going to make sure you get your visa", he told the Washington Post.

Ms Meyer brought up her brother as the company's former chief executive before he left in January to join the Trump administration.

"Mr. Kushner has no involvement in the operation of Kushner Companies and divested his interests in the One Journal Square project by selling them to a family trust that he, his wife, and his children are not beneficiaries of, a mechanism suggested by the Office of Government Ethics", his lawyer, Blake Roberts of WilmerHale law firm, said in a statement emailed to Reuters by the White House.

"Kushner Companies had nothing to do with it", the company said.

"Invest $500,000 and immigrate to the United States", said one pamphlet for the event to raise money for the project, according to the Post.

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

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A poster for the Kushner Cos. event in Shanghai on Sunday.

Meanwhile, the Democrats criticized Meyer's sales presentation about the EB-5 investor visa program. Journalists from the Times and Washington Post were removed from yesterday's Beijing event, the newspapers reported. Kushner Companies says about 15% of its New Jersey building - a $976.4 million residential and commercial project called 1 Journal Square - will be funded through the EB-5 program.

The visa program has been wreaked with criticism for the way it's been administered.

"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 visa program is so popular with China's wealthy elites that it's commonly referred to as the "golden visa".

The Kushner family fundraising tour also has future stops in Shenzhen, Guangzhou and Wuhan.

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

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