The Kushner and China making the news:
Jared Kushner’s sister offered wealthy investors in China a chance to score American visas if they invest in one of the family’s properties — a deal that watchdogs saw as blatant bribery.
Nicole Kushner Meyer took the stage at a Ritz-Carlton hotel in Beijing on Saturday with a pitch to a room with about 100 investors: They could get green cards if they poured money into One Journal Square, a $150 million luxury Jersey City development from her family.
The quid-pro-quo would come through the EB-5 program, which grants visas to foreigners who invest at least $500,000 in American development projects. Politicians on both sides of the aisle have often criticized the program as a golden road to citizenship for the wealthy.
http://www.nydailynews.com/news/politics...-1.3144365
This VISA is nothing new and has been used for years. There is massive amounts of hot money flowing out of China right now. That money has been landing on real estate projects. The Chinese don't care if it makes money, just as long as it doesn't cause them to lose everything (which is the fear if they keep the money in China).
The press keeps trying to tie this whole thing to Trump of course. "China" may replace "Russia" as the Bogeyman of choice.
Jared Kushner’s sister offered wealthy investors in China a chance to score American visas if they invest in one of the family’s properties — a deal that watchdogs saw as blatant bribery.
Nicole Kushner Meyer took the stage at a Ritz-Carlton hotel in Beijing on Saturday with a pitch to a room with about 100 investors: They could get green cards if they poured money into One Journal Square, a $150 million luxury Jersey City development from her family.
The quid-pro-quo would come through the EB-5 program, which grants visas to foreigners who invest at least $500,000 in American development projects. Politicians on both sides of the aisle have often criticized the program as a golden road to citizenship for the wealthy.
http://www.nydailynews.com/news/politics...-1.3144365
This VISA is nothing new and has been used for years. There is massive amounts of hot money flowing out of China right now. That money has been landing on real estate projects. The Chinese don't care if it makes money, just as long as it doesn't cause them to lose everything (which is the fear if they keep the money in China).
The press keeps trying to tie this whole thing to Trump of course. "China" may replace "Russia" as the Bogeyman of choice.