Jared Kushner’s Family Under SEC Investigation, Including Father Who Is A Convicted Felon, Accused Of Travel Visa Fraud

jared-kushner-is-reportedly-headed-to-iraq
The Securities and Exchange Commission (SEC) has launched a probe into Kushner Companies, the New York real-estate firm owned by the family of President Donald Trump’s son-in-law and senior adviser, Jared Kushner, The Wall Street Journal reported Saturday.
 Jared Kushner

The investigation reportedly focuses on the company’s use of the EB-5 visa program,    which allows 10,000 immigrant visas each year in an effort to promote investment from foreign countries into less-developed regions or create jobs in the US.

 

Foreigners who invest at least $500,000 in US businesses and plan “to create or preserve 10 permanent full-time jobs” in the US are eligible to apply for the program, according to US Citizenship and immigration Services.

 

A lawyer representing Kushner Companies told The Journal that the business “utilized the program, fully complied with its rules and regulations, and did nothing improper.”

In May, The Associated Press found that Chinese investors had spent at least $7.7 billion — and received more than 40,000 US visas in return — thanks to the EB-5 program in the last decade.

That same month, the Kushners’ company held an event at a ritzy hotel in Beijing to encourage Chinese investments for a development project in New Jersey.

 

“Invest $500,000 and immigrate to the United States,” read a brochure at the event, WP reported

 The SEC probe isn’t the first time Kushner Companies has fallen under scrutiny. Last year, federal prosecutors subpoenaed the business for more information about its development projects. In November, prosecutors also sought  the company’s records from Deutsche Bank, which has lent hundreds of millions over the years to the Kushner family, as well as to Trump.
Written By: Tommy Lightfoot Garrett
Photographs are Courtesy: AP
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