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Kushner Companies subpoenaed over use of visa program: report

The Hill logo The Hill 8/3/2017 Max Greenwood
President Trump and Kushner attend a meeting with Italian Prime Minister Paolo Gentiloni at Villa Taverna in Rome on May 24. 2017. A look at Jared Kushner, Trump's son-in-law and senior adviser

Photo gallery by USA Today

New York federal prosecutors subpoenaed Kushner Companies, the real estate development company owned by the family of President Trump's son-in-law and senior adviser Jared Kushner, over its use of a visa program that offers green cards to wealthy foreign investors.

The subpoena was received by Kushner Companies in May, the Wall Street Journal reported Wednesday, and regards the company's use of the EB-5 visa program to finance a development in Jersey City, N.J. called One Journal Square.

It isn't clear what potential violations the Brooklyn U.S. attorney's office is looking into.

The EB-5 visa program offers green cards to foreigners who invest at least $500,000 in U.S. businesses that would create at least 10 permanent, full-time jobs for American workers.

The company launched a marketing campaign in Beijing and Shanghai in May seeking Chinese investors. That campaign promised green cards for as many as 300 people who invested the requisite $500,000 in One Journal Square.

Kushner Companies came under fire in May after Kushner's sister Nicole Meyer, a principal at the company, mentioned her brother's service in the Trump administration during a pitch to investors in Beijing.

The company later apologized for the remarks and said that Meyer's statement was not intended to use Kushner's work in the Trump administration to attract investors.


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