Federal prosecutors are investigating Kushner Companies—the real estate firm owned by the family of Jared Kushner, the president’s son-in-law and senior advisor—over its use of a program that grants US visas to foreigners in exchange for a $500,000 investment.
The Wall Street Journal reported that Kushner Companies has received a subpoena.
According to the New York Times, authorities are looking into the role of Kushner’s sister, Nicole Meyer. At a marketing event in May, Meyer promoted the company’s connections to the Trump administration as she courted Chinese investors for a pair of luxury apartment towers being built by the Kushner Companies in New Jersey.
At the Beijing event, Meyer mentioned her brother’s former role at the family company, saying he left to serve in the Trump administration. Kushner had previously brokered meetings between Trump and top Chinese officials. About three-quarters of the roughly 10,000 investor visas issued last year went to applicants from China.
Kushner gave up his role running the family company in January, but still owns a significant piece of the business. A company attorney stated:
Neither Kushner Companies nor Nicole Meyer have done anything wrong in connection with the EB-5 program, and any suggestion to the contrary is simply false. The company and Ms. Meyer are cooperating with all legal requests in order to show that they did everything properly and clear up any questions.
Government ethics filings show the stake in the family business held by Kushner and his wife, Ivanka Trump, is worth about $761 million.
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