Kushner Companies' Pitch To Chinese Investors Raises Conflict Of Interest Questions

A poster for an event is seen at a hotel in Shanghai China

A poster for an event is seen at a hotel in Shanghai China

Ms Meyer mentioned her brother on Saturday and Sunday while urging investors to put $500,000 (£386,500) into a New Jersey real estate project in exchange for investor visas and residency cards in the United States through the so-called EB-5 programme.

While both deny that they are personally benefitting from their ties to the president, The New York Times reports that Kushner's sister told Chinese investors at a hotel conference in Beijing on Saturday that investing thousands of dollars in Kushner Companies can gain Chinese investors a USA visa.

After seeing advertisements for what was described as a "Kushner event featuring Jared's sister", an American reporter made a decision to attend.

"We have every reason to believe there will continue to be a lot of demand for visas for the USA from Chinese investors", said Dave Platter, global communications director at Juwai.com, a property search engine that lists real estate around the world for Chinese buyers.

Meyer said the project "means a lot to me and my entire family", mentioning specifically that her brother formerly headed the family business and left to serve in the Trump Administration. His family's promotional efforts in China come amid widespread criticism of the EB-5 visa program, which has grown popular among wealthy foreigners seeking to move to the USA but faces allegations of fraud and misuse. Similar events will be held at the InterContinental in Shenzhen on May 13 and the Four Seasons in Guangzhou on May 14. The company says about 15% of it will be funded through the EB-5 program.

She mentioned that her brother formerly was chief executive of the Kushner Companies, a position he resigned as he and his wife, Trump's oldest daughter Ivanka, moved to Washington and joined Trump's staff.

The promotional materials for the event casually name-dropped Jared Kushner, Trump's son-in-law and White House senior adviser, promoting the highlighted speaker, Nicole Kushner Meyer, as his sister, according to the article. Some lawmakers have called for an overhaul or abolishment of the program, but it was recently renewed without changes until the end of September.

The controversy began when reporters from The Washington Post and The New York Times sat in on a publicly advertised event at the Ritz-Carlton Hotel in Beijing on Saturday.

Kushner's personal attorney, Blake Roberts of the WilmerHale law firm, said in a statement that Kushner has "no involvement" in the operation of the Kushner Companies. Part of the presentation was spent telling those in attendance that rules surrounding said visa - which offers a fast track to US citizenship - could be changing soon.

Saturday's event was hosted by Qiaowai, a Chinese company seeking funding for the Kushner 1 project in New Jersey.

On Sunday Meyer was introduced in Chinese to investors as a representative of "a famed celebrity investment family".

Kushner's sister, Nicole Kushner Meyer, referred to her brother's role in the Trump administration during a pitch for one of the company's projects in New Jersey.

Looming above the Hudson River across from Midtown Manhattan, a 52-story apartment building in New Jersey, developed in part by Jared Kushner, markets one-bedroom rentals for $3,500 a month. The reforms included efforts to revive that the program's original intent of providing investment in rural and distressed urban areas. A 2013 Homeland Security Department investigation cited risks that Iranian intelligence operatives may have exploited the program, and the United States Citizenship and Immigration Services found numerous fraudulent documents when it audited a sampling of investors' green card applications. Bustle has reached out to the White House and Kushner Companies for comment.

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