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Kushner Real Estate Company Investigated By SEC


encouraged Chinese investors to put their money into a New Jersey real-estate development run by Kushner Cos. in return for visas. The marketing materials claimed that up to 300 individuals who put $500,000 each into the project could be eligible for green ...


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Kushner Real Estate Company Investigated By SEC //id:"+t+"; typeof obj: "+typeof i))}function p(){var r,u,n,t;if(e.length&&!i){do for(r=e,u=r.length,e=[],i=1,t=0;t1);i=0}else i&&(i=2)}function it(i,r){for(var s,v,h,u=[],c=r?r.length:0,e=0;e .storyimage.smallfullwidth .image,.storyimage.smallfullwidth img{background:#000;margin:0 auto}#toast-container{display:none}.mobile .galleryinfo .img-divider{display:none}.homepage.tmx.pc.chrome #main .one-col,.homepage.tmx.pc.chrome #main .two-col,.homepage.tmx.pc.chrome #main .three-col{margin-right:-.016rem;margin-left:-.016rem}.homepage.midlevel .pagingsection>button.show,.channelplayerpage.midlevel .pagingsection>button.show{display:none} Home News Weather Entertainment Sports Money More > Lifestyle Health & Fitness Food & Drink Travel Autos Video money You are using an older browser versionPlease use a supported version for the best MSN experience. Kushner Real Estate Company Investigated By SEC Newsweek 2 days ago Summer Meza The real estate company run by the family of White House senior adviser Jared Kushner is under investigation by the Securities and Exchange Commission for its use of a federal visa program, according to a Wall Street Journalreport. require(["rtquotes", "c.deferred"], function (globalrefresh) { globalrefresh.addTickers(""); }); Popular Searches Intel Corp INTC = 44.74 0.00 0.00% Samsung Electronics Co Ltd SSNLF = 2,280.00 0.00 0.00% Sony Corp SNE ▲ 49.00 +0.30 +0.62% Lenovo Group Ltd LNVGF ▲ 0.5876 +0.0146 +2.55% The SEC issued a subpoena to the company, Kushner Companies, requesting information regarding its use of the EB-5 program, in May of 2017The investment-for-visa program offers immigrants green cards in exchange for an investment of at least $500,000 to a select group of U.SbusinessesThe nature of the investigation is not clear, reports the Journal, nor is the subpoena target of any particular project.During the same month last year, Kushner Cos., which is partly run by President Donald Trump’s son-in-law and close aide, Jared Kushner, was subpoenaed by New York federal prosecutors who were investigating development projects financed in part by the EB-5 program.© Provided by IBT MediaThe program demands that any investment is to be used to create at least 10 jobs per investor, and according to the Department of Homeland Security, the majority of visas granted through the program go to wealthy Chinese individuals.“Kushner Cosutilized the program, fully complied with its rules and regulations, and did nothing improperWe are cooperating with legal requests for information,” a spokeswoman for Kushner Costold the Journal.Citing sources familiar with the matter, the report says the investigations may have been prompted partly by a marketing campaign in Beijing and Shanghai in which Kushner’s sister, Nicole Meyer, encouraged Chinese investors to put their money into a New Jersey real-estate development run by Kushner Cosin return for visasThe marketing materials claimed that up to 300 individuals who put $500,000 each into the project could be eligible for green cardsThe current inquiry included a request for email correspondence regarding the same building, called One Journal Square, the Journal reported.Kushner Coshas been subject to federal inquiry multiple times in recent monthsLate last year, prosecutors requested documents pertaining to a $285 million loan the firm received from Deutsche Bank.The SEC has also investigated other companies thought to misuse the EB-5 visa program, such as an Idaho man who used some of the $140 million he raised through EB-5 offerings on personal expenses and other parts of his company, rather than on the project for which he received visas, to acquire and develop luxury real estate, according to the SEC. Go to MSN Home More in Money Depressing photos show what a disaster Sears is Business Insider 10 brands most likely to disappear in 2018 24/7 Wall St. Forget bitcoin: 12 cryptocurrencies you should watch The Motley Fool Take a look inside one of the top marijuana shops in America Business Insider 29 people who inherited unbelievable fortunes Lovemoney Things you should stop buying in the new year Cheapism //> 1); } } else { // if we got here, we didn't find anything but scriptTry again later. setTimeout(checkAndSetAdContainerVisibilityRec, contentCheckTimeout); } } } function checkVisibilityAndUpdateRenderDataContextForElement(renderData) { if (!renderData) { return; } evaluateAdContent(renderData); } function evaluateAdContent(renderData) { var adContainer = renderData && renderData.elem; if (!adContainer) { renderData.adSizeType = AdSizeType.Inconclusive; } var adIframeCollection = adContainer.getElementsByTagName("iframe"); var evaluationResult; for (var adIframe, ndx = 0; (adIframe = adIframeCollection[ndx]); ++ndx) { // skip script-only iFrame elements var body = ((adIframe.contentDocument || (adIframe.contentWindow || {}).document) || {}).body; if (!body || !body.hasChildNodes()) { continue; } var childNode, hasChildDiv = false; for (var index = body.childNodes.length - 1; (childNode = body.childNodes[index]); --index) { if (childNode.nodeType === 1 && childNode.nodeName !== "SCRIPT") { hasChildDiv = true; renderData.adSizeType = evaluateElement(childNode, renderData); if (renderData.adSizeType === AdSizeType.NonPointSizedAd) { return; } } // Bug 1715559:[dl_ux][FF9.0] [Win7] - Advertisement is overlapping destination section // For FF lower versions (FF9.0), index may be negative and hence cause js errors // Add index value check to solve the problem if (index discernibleAdWidthThreshold && maxHeight > discernibleAdHeightThreshold) { return AdSizeType.NonPointSizedAd; } if (maxWidth > 0 && maxHeight > 0) { return AdSizeType.PointSizedAd; } return AdSizeType.Inconclusive; } function evaluateElementDimension(element, isWidth, threshold) { var dimensionProperties = isWidth ? 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