How the Kushner Family's Favorite Visa-Purchasing Chinese Company Touts Its Influence
One thing is for sure: at least some people in China still believe that Donald Trump’s name will attract large sums of money.
Trump advisor and real estate wonder boy Jared Kushner has received a good deal of scrutiny this week over possible conflicts of interest. (More than usual.) That’s because last weekend, his sister, acting on behalf of the Kushner family business, led investor events in China offering wealthy Chinese citizens U.S. visas in exchange for investing large sums of money in Kushner real estate projects in New Jersey. These EB-5 visas are available to foreigners who invest at least a half million dollars in American development projects.
The White House says that Jared Kushner has no involvement in his family’s dollars-for-visas offer in China, but it is clear that the foreign investors themselves view the Kushner company’s White House connection as a selling point. Richard Painter, a former White House ethics adviser, characterized the solicitation as “corruption, pure and simple.” The backlash has had an effect: Today, Kushner Companies announced that their representatives will not be attending the remaining investor meetings in China this month. A company rep declined our request for comment.
The investor events in Beijing and Shanghai last weekend were organized by the Kushner Companies in partnership with QWOS, a Chinese company that facilitates immigration for those in China who can afford it. Last weekend was not the first time the company has solicited such investors.