New York federal prosecutors have subpoenaed Trump son-in-law and senior advisor Jared Kushner’s family for taking part in a federal visa program known as EB-5, demanding important documents and emails. At this time, it isn’t clear what violations are being probed but its implication could be far-reaching.
Recently, the family’s company, Kushner Cos, drew attention for a marketing campaign in China that solicited Chinese investors, promising up to 300 individuals green cards as long as they gave $500,000 each for an investment opportunity. The Wall Street Journal reviewed the marketing materials used and confirmed their authenticity.
The marketing ploy was led by Mr. Kushner’s sister Nicole Meyer, who used a video clip and photo of President Donald Trump to draw interest in the project, and she even mentioned her brother in her sales pitch in order to get the investment funds.
According to Jared Kushner’s latest personal financial disclosure form, he lists assets in one of the properties that use the visa program as somewhere between $1 million and $5 million. Although, his personal attorney issued a statement on Wednesday saying he has recused himself from all “matters concerning the EB-5 programs.”
Senator. Chuck Grassley, who heads the Senate Judiciary Committee, is concerned about the program and has asked the Department of Homeland Security and Exchange Commission to investigate. He wrote a letter saying he was worried about companies being able to tell investors that they would be guaranteed visa and that investments would be profitable, worrying it was a violation of federal law and securities regulations.
He wrote a letter saying he was worried about companies being able to tell investors that they would be guaranteed visas and that investments would be profitable, worrying it was a violation of federal law and securities regulations.
The story comes at a time when President Trump is trying to push visa and immigration reform on Capitol Hill.
This is still a developing story.