Did The Kushners Really Tell Chinese Investors They Could Get A Visa?

Cheryl Sanders
May 23, 2017

A presentation, put out by a firm that helps generate foreign investment through a government immigrant visa program called EB-5, shows Kushner raised $50 million through the program, which lets foreigners exchange cash for green cards.

Meyer never mentioned the president's name during the investor event, but Trump's photo was seen in a slide at the conference that detailed the "key decision makers" on the EB-5 program, CNN reports. (The lawyer also insists that Kushner will recuse himself from any future White House deliberations on possibly reforming the EB-5 visa.) Attendees at the presentation surely understood how politically connected the Kushners are even without his sister getting into specifics. 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.

Kushner's sister, Nicole Kushner Meyer, told dozens of potential investors in Beijing that they should invest in a skyscrapers now being built in New Jersey, the Guardian reported.

Meyer told a crowd of more than 100 potential investors at the Four Seasons Hotel in Shanghai that her grandfather had come to the United States as a poor refugee, labouring as a carpenter before building up a real estate empire.

"Actually I really don't know how close they are but I felt that this was a pretty good project", she said.

The programme is popular among wealthy Chinese looking to shift assets abroad or move overseas, but it has come under fire in the United States.

EB-5 investment from China will account for around 15 percent of its total US$976.4 million cost.

Almost 7,000 EB-5 visas were issued to Mainland Chinese investors a year ago, making them the number one nationality in the allocation, according to State Department data.

The White House said on Monday that it was "evaluating wholesale reform" on the programme to make sure it it was "used as intended and that investment is being spread to all areas of the country".

According to the New York Times, Meyer talked about how family values had shaped Kushner Companies and spoke about her grandparents, who survived the Holocaust.

The EB-5 programme has become more controversial as uptake began to surge in recent years, particularly among Chinese investors looking for a faster way to secure U.S. green cards relative to wait times for those seeking visas based on job qualifications. Investors were told to act now, as the visa progam could change.

Over the weekend, the Kushners' business was trying to drum up millions of dollars in Chinese investment for a New Jersey skyscraper project.

Reporters from the New York Times, the Washington Post, and Reuters were barred from Qiaowai's pitch events in Beijing and Shanghai. The real urgency seems to be that foreign cash is needed to rescue the proposed development because of trouble back in Jersey City.

During her seven-minute speech in Shanghai, Nicole did not mention Jared Kushner or Trump but instead talked about her family's history since her grandparents went to the USA as refugees in the 1940s, the report said.

The events were hosted in Beijing and Shanghai on Saturday and Sunday, respectively.

By obtaining an EB-5 visa. They sent Kushner's own sister to China to make the pitch, seemingly to remind potential investors just how direct their pipeline to the Oval Office could be.

Other reports by iNewsToday