Jared Kushner's sister woos China's 'golden visa' investors

Jared Kushner's sister woos China's 'golden visa' investors

Jared Kushner's sister woos China's 'golden visa' investors

But the sister of Jared Kushner-Trump's son-in-law and senior adviser-is using her White House connections to lure Chinese investors to help fund a real estate project via a controversial visa program that in essence sells USA citizenship to wealthy foreigners.

'Kushner Companies apologizes if that mention of her brother was in any way interpreted as an attempt to lure investors. That was not Ms. Meyer's intention.

Jared Kushner, 36, is a senior adviser to US President Donald Trump with far-reaching influence over domestic and foreign policy, and stepped down from the family company in January to serve in the administration.

Meyer is a sister of White House senior adviser Jared Kushner, and a principal with Kushner Companies. He stepped down from the family business in January to join the U.S. administration where he has far-reaching influence over both domestic and foreign policy. 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". "They clearly imply that the Kushners are going to make sure you get your visa".

Ms Meyer brought up her brother as the company's former chief executive before he left in January to join the Trump administration. The Kushner Companies declined comment. "Invest early, and you will invest under the old rules", one speaker said.

Meyer told a crowd of more than 100 potential investors at the Four Seasons Hotel in Shanghai that her grandfather had come to the USA as a poor refugee, labouring as a carpenter before building up a real estate empire. "But some who attended described an investor pitch similar to the one in Beijing, and Mr. Trump's political power was palpable at the Shanghai event even if his name went unsaid", they write.

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Biden vowed during the same speech not to stay quiet during the 2016 election. "She thought she had no choice but to run". But that isn't likely to make Clinton supporters feel much better.

"As previously stated, he will recuse from particular matters concerning the EB-5 visa program", Roberts said in a statement. 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. And the sell in Beijing involved a controversial visa program known as EB-5.

In 2015, the Government Accountability Office warned that the program could not reliably catch fraud by visa applicants who bought into the program with money obtained through drug trade, human trafficking, or other criminal activities. The apology stops short of admitting that the company was leveraging Kushner's role in the White House and his relationship to the president, his father-in-law.

The EB-5 visa program has been under scrutiny in the past - including most recently in March, when Rep. Kushner officials are also making more presentations next weekend in the southern cities of Shenzhen and Guangzhou.

Around a dozen clients had signed on for the new project after a Beijing event headed by Meyer on Saturday, QWOS representatives told reporters. In 2014, the most recent year for which data is available, the USA issued over 10,000 such visas-and 85% of them went to people from China.

The EB-5 visa is, in theory, a win-win for everyone.

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