Build a wall, says Donald Trump… but leave a big golden gate for rich Chinese who buy their green cards, says Trump lieutenant Jared Kushner’s family business, which is angling for EB-5 visa investment money to build a New Jersey real estate project:
The Kushner family came to the United States as refugees, worked hard and made it big — and if you invest in Kushner properties, so can you.
That was the message delivered Saturday by White House senior adviser Jared Kushner’s sister to a ballroom full of wealthy Chinese investors, renewing questions about the Kushner family’s business ties to China.
Over several hours of slide shows and presentations, representatives from the Kushner family business urged Chinese citizens gathered at the Ritz-Carlton hotel to consider investing hundreds of thousands of dollars in a New Jersey real estate project to secure what’s known as an investor visa.
The EB-5 immigrant investor visa program, which allows foreign investors to invest in U.S. projects that create jobs and then apply to immigrate, has been used by both the Trump and Kushner family businesses [Emily Rauhala, “In a Beijing Ballroom, Kushner Family Flogs $500,000 ‘Investor Visa’ to Wealthy Chinese,” Washington Post, 2017.05.06].
And remember: when rich immigrants buy their EB-5 visas, they also pay tens of thousands of dollars in fees to the lawyers and other agents who help arrange their visas.
Rauhala reports that the organizers of the Kushner EB-5 pitch kept reporters away from the speakers and attendees, saying, “This is not the story we want.” I imagine it’s not the story the Kushners and the Trumps want, either: everything for sale, including American residency!
Related: It appears Rep. Kristi Noem has voted for another clean extension of EB-5 through September 30, even though she said in November 2015 that she would not vote to extend EB-5 without reforms. Yes, we wouldn’t want to get in the way of one of the Donald’s business revenue streams.