In a Beijing ballroom, Kushner family flogs $500,000 investor visa to wealthy Chinese

[mahatmakanejeeves]

Hat tip, JoeMyGod: BEIJING: Kushner Family Pitches Visas To The Wealthy In Return For $500K Investment In Their Business

In a Beijing ballroom, Kushner family flogs $500,000 ‘investor visa’ to wealthy Chinese

By Emily Rauhala May 6 at 7:31 AM

BEIJING — 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. ... That was the message delivered Saturday by White House senior adviser Jared Kushner’s sister to a ballroom full of wealthy Chinese investors, renewing questions about the Kushner family’s business ties to China.

Over several hours of slide shows and presentations, representatives from the Kushner family business urged Chinese citizens gathered at the Ritz-Carlton hotel to consider investing hundreds of thousands of dollars in a New Jersey real estate project to secure what’s known as an investor visa.

The EB-5 immigrant investor visa program, which allows foreign investors to invest in U.S. projects that create jobs and then apply to immigrate, has been used by both the Trump and Kushner family businesses. ... But President Trump’s vow to crack down on immigration, as well as criticism from members of Congress, has led to questions about the future of a program known here as the “golden visa.”
....

Journalists were initially seated at the back of the ballroom, but as the presentations got underway, a public-relations representative asked The Washington Post to leave, saying the presence of foreign reporters threatened the “stability” of the event. ... At one point, organizers grabbed a reporter’s phone and backpack to try to force that person to leave. Later, as investors started leaving the ballroom, organizers physically surrounded attendees to stop them from giving interviews. ... Asked why reporters were asked to leave, a public-relations representative, who declined to identify herself, said simply, “This is not the story we want.”
....

Congcong Zhang reported from Beijing.

Emily Rauhala is a China Correspondent for the Post. She was previously a Beijing-based correspondent for TIME, and an editor at the magazine's Hong Kong office. Follow @emilyrauhala

Jared Kushner's sister urgest Chinese investors to invest in real estate project, citing family ties http://hill.cm/SCe03HC

Link to tweet

[Botany]

1. and how many years and how many millions of $s were spent on looking @ Bill & Hillary's failed ...

.... real estate deal call, "Whitewater?"


grifters!

[jehop61]

2. And poor Billy

Carter took all that heat for "Billy Beer"

[Alice11111]

3. The bar is so low now that this is being normalized.

We are no longer a great country whose values should be emulated.

[mn9driver]

4. US investor visas are cheap compared to countries wealthy people want as boltholes.

New Zealand's cheapest investor visa goes for $1.5 million.

[dawnie51]

5. Corruption on a scale......

that's almost incomprehensible. In your face, everyone's face; what cha gonna do about it, suckers?; not even attempting to be slick about it corruption. And as George Carlin said, no one seems to notice, no one seems to care.

[Jacquette]

6. Can someone explain whose jurisdiction this falls

under? I know Ivanka is a govt employee but he's not so why can he not be...what..? At least STOPPED??? Can the ICE director at least give him a stern talking to?

This enrages me.

[Vinca]

7. So now they've put America up for sale to the highest bidder.

I'm so not surprised.

[mahatmakanejeeves]

8. That's not new. About the EB-5 immigrant investor visa program:

EB-5 visa

The EB-5 visa for Immigrant Investors is a United States visa created by the Immigration Act of 1990.

Overview

The EB-5 visa provides a method of obtaining a green card for foreign nationals who invest money in the United States. To obtain the visa, individuals must invest $1,000,000 (or at least $500,000 in a Targeted Employment Area - high unemployment or rural area), creating or preserving at least 10 jobs for U.S. workers excluding the investor and their immediate family. Initially, under the first EB-5 program, the foreign investor was required to create an entirely new commercial enterprise; however, under the Pilot Program investments can be made directly in a job-generating commercial enterprise (new, or existing - "Troubled Business&quot , or into a "Regional Center" - a 3rd party-managed investment vehicle (private or public), which assumes the responsibility of creating the requisite jobs. Regional Centers may charge an administration fee for managing the investor's investment.

What's new is that a family member of the administration currently in office is openly pitching an investment in one of his properties in return for a visa.

Now it's a clearcut quid pro quo.