SEC investigating Kushner Companies use of the EB-5 program The embattled One Journal Square project is back in the spotlight
Jared Kushner with the U.S. Securities and Exchange Commission h爱上海同城论坛
The global kerfuffle sparked last year when Kushner Companies principal Nicole Kushner Meyer mentioned her brother Jared during a pitch to investors appears to have triggered an investigation from 上海龙凤论坛
The Wall Street Journal reports Kushner Companies received a subpoena in May 2017 asking for information on how the company uses the EB-5 program, the so-called crack cocaine of real estate financing, which gives green cards to foreign investors who commit a minimum of $500,000 to American businesses.
Though the spec上海千花网龙凤论坛
The nature of the federal prosecutors subpoena includes email correspondence for One Journal Square, the embattled $1 billion pair of towers Meyer was fundraising for in Shanghai when her infamous misstep last spring occurred.
Meyer s pitch was part of a marketing campaign in Beijing and Shanghai with the goal of raising $150 million from Chinese investors who make up the majority of EB-5 visa recipients for the company s One Journal Square project in New Jersey. In addition to Meyer s controversial presentation, the campaign s local organizer, QWOS Group, also known as Qiaowai, came under fire for allegedly misrepresenting the program and the group s ties to the Trump administration.
In response to confirmation of the probe, Kushner Companies recycled a previous statement to the press, originally issued to the Journal in 阿拉爱上海同城
Jared Kushner was in charge of Kushner Companies until last year when he was named White House Advisor and subsequently resigned, selling most but not all of his stakes in the business.
[WSJ] Erin Hudson
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