Kushner Companies, the real estate company run by First Son-In-Law and senior adviser to President Donald Trump, has come under federal investigation over its alleged illegal use of the EB-5 Visa Program.
The EB-5 visa program offers green cards to foreign people willing to invest at least $500,000 in U.S. businesses that would create at least 10 permanent, full-time jobs for American workers. It is alleged that Kushner Companies launched a marketing program for its One Journal Square development in Jersey City, New Jersey by promising “green cards for as many as 300 people who invested the requisite $500,000…”
One gets the feeling that three thousand permanent, full time jobs for American workers were never created… nor intended to be created by One Journal Square or all of the Kushner Company’s project combined, despite offering 300 such visas. That might just explain the subpoena.
Back in May 2017, Nicole Meyer, Jared Kushner’s sister mentioned her brother‘s role in Trump’s administration during an investment pitch in Beijing on behalf of Kushner Companies. The company later apologized for Ms. Meyer and said that Meyer’s mentioning her brother‘s position was not done as a device to attract investors.
General counsel for Kushner Companies, Emily Wolf, said the company “utilized the program, fully complied with its rules and regulations, and did nothing improper.” Kushner Cos. is cooperating with legal requests.
Additionally, Federal prosecutors are reportedly examining a $285 million loan Deutsche Bank made to Kushner Companies about a month before the 2016 election. Robert Mueller also reportedly has Jared Kushner in his sights, as he has forgotten to disclose important items to Congress. One doubts Kushner ingratiated himself to Mueller when his legal team tried to game the Senate Judiciary Committee by failing to comply with information requests. Actually they did one better in that Kushner’s team sent them virtually everything except what they had requested.