Kushner family business cancels meetings with Chinese investors

Kushner Family Cancels China Investor Presentation Amid Controversy

Kushner Family Cancels China Investor Presentation Amid Controversy

The program was catapulted into the headlines this week when it became clear Nicole Kushner Meyer, sister of White House Senior Adviser Jared Kushner, had included a pitch to "invest early" in a Kushner Company real estate project in New Jersey, suggesting the Chinese should get in line for these "golden visas" before potential reforms crack down on their issuance.

Nicole Kushner Meyer's presentation to investors Saturday at the Beijing Ritz Carlton raised eyebrows across media and political circles when it was revealed she had emphasized to Chinese investors the possibility of securing EB-5 visas as a perk of investing in her company's almost $1 billion "1 Journal Square" real estate project in New Jersey.

Kushner Companies, in an apology, said mentioning Jared Jushner wasn't meant to lure investors but rather to note that her brother had left the company to move into government.

But The Washington Post reports that now there will be no meetings for Kushner Companies in China this weekend, citing a company spokeswoman.

The Kushner Cos. says no representative will be in China this weekend.

"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 Companies is seeking $150 million from EB-5 investors for One Journal Square, a 1,467-apartment luxury tower in Jersey City with a projected cost upwards of $1 billion.

Engineer in deadly Philadelphia Amtrak crash could still be charged
The family of a NY woman who was killed sought the criminal complaint after city prosecutors declined to press charges. Neifield, a Temple University Law School graduate, is highly regarded, said Temple law professor Jules Epstein.

The event will be seeking money from Chinese investors in exchange for US immigration visas, according to the article.

The family real estate company, Kushner Cos., later apologized. She also mentioned her brother by name, raising further conflict-of-interest questions. The visa gives foreigners a path to live in the USA if they invest large amounts of money into projects that create American jobs.

The Kushner Cos. has used the program to finance other projects, including another building in Jersey City.

Critics accused the business of playing up the family's White House links.

However, despite this sales pitch, Trump actually signed an extension of the controversial visa program just one day before the event in Beijing was held. Office-sharing company WeWork confirmed this week that it is canceling plans to lease space as an anchor tenant.

Jared Kushner's father-in-law, Donald Trump, even popped up once during the presentation, described as a "key decision maker" about the future of the EB-5 program.

Steve Fulop, the mayor of Jersey City, also said over the weekend that he opposed the Kushners' request for $30.4 million in city bonds and a 30-year tax abatement.

Recommended News

  • Nintendo details E3 2017 presentations; Super Mario Odyssey playable at show

    Nintendo details E3 2017 presentations; Super Mario Odyssey playable at show

    The livestream will include behind-the-scenes info and commentary from game developers and members of the Nintendo Treehouse . The 2017 Splatoon 2 World Inkling Invitational splats will be held on June 13 and features Splatoon 2 for Nintendo Switch.
    Chris Pratt, Dave Bautista's 'GOTG' screen test is worth watching

    Chris Pratt, Dave Bautista's 'GOTG' screen test is worth watching

    The versatility in character development, for me, provides two things to the action movie experience: depth and memorability. But I'm still the first person to put my hand up and say I am a Marvel rookie, I'm learning everything on the fly.

    Syria says Israeli missile strike near Damascus airport confirmed

    Hezbollah fought a war with Israel in 2006 and has been fighting in Syria as an ally of the government for several years. Arab media outlets are reporting that several missiles hit a Syrian airbase near the global airport in Damascus.
  • West Brom Will Not 'Roll Over' For Chelsea, Says Brunt

    We're still doing the right things, there's no complacency. 'They deserve to be where they are and have been most consistent team. We're looking forward to it. "We're in a great position now and if we were to throw it away we'd be devastated".
    United States  decision to arm Syrian Kurds threatens Turkey: foreign minister

    United States decision to arm Syrian Kurds threatens Turkey: foreign minister

    The fall of Tabqa leaves no other major urban settlements on the road to Raqqa, about 40 kilometers, or 25 miles, away. Defense Secretary Jim Mattis told reporters that the U.S. has had very open discussions with Turkey over its concerns.
    Google blocks fast-moving fake Google Docs scam

    Google blocks fast-moving fake Google Docs scam

    The company has pushed updates through Safe Browsing , and the concerned team is working to prevent such spoofing in future. He added that hackers had also pointed some users to another site, since taken down, that sought to capture their passwords.
  • Dakota Access pipeline leaked 84 gallons of oil in April

    Dakota Access pipeline leaked 84 gallons of oil in April

    Granado said the line-fill process should be finished within the next few weeks and the pipeline should be in service by June 1. A spokesperson for ETP told the Associated Press that the pipeline is safe and the leak was contained in the proper manner.
    Olivia Buckland throws support behind Mental Health Awareness Week

    Olivia Buckland throws support behind Mental Health Awareness Week

    From managing tasks with Trello to eliminating procrastination with Focus Booster, tech can help you make the most of your time. Mental health is an illness like any other physical problem - there is no shame in speaking out and sharing your story.
    Atletico eye 2015 repeat to stage

    Atletico eye 2015 repeat to stage "impossible" turnaround

    Hernandez's agent, Manuel Garcia Quilon, says that the final decision will lie in the player's own hands. Madrid also play the second leg of their Champions League semi-final against Atletico Madrid midweek.
  • Gurpreet Singh quits AAP over Bhagwant Mann's appointment as Punjab unit chief

    Gurpreet Singh quits AAP over Bhagwant Mann's appointment as Punjab unit chief

    Ghuggi, who is the former Punjab convener of the AAP , said that he would stay in politics but not be associated with the AAP . Mann said that the volunteers were the backbone of the party, but added that anti-party activities would not be tolerated.
    Cris Carter has words of encouragement for new Vikings WR Michael Floyd

    Cris Carter has words of encouragement for new Vikings WR Michael Floyd

    Cretin-Derham Hall compiled a 13-1 record and appearance in the state championship game during Floyd's senior year. Floyd was a prep star in Minnesota, giving him the opportunity to get his life back on track in a familiar place.
    Aetna to pull out of all current Affordable Care Act exchanges

    Aetna to pull out of all current Affordable Care Act exchanges

    But insurers like Humana, and now Aetna , have been fleeing that market, and the remaining coverage options are growing thin. HealthKeepers, an affiliate of Anthem Blue Cross & Blue Shield, hopes for a 38% increase.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.