End the EB-5 Program 5-16-2017

16, May 2017                             End the EB-5 Program

The Kushner’s continue to use their White House connections to amass large fortunes.

Jared Kushner’s sister is wooing Chinese investors offering them a fast track to acquiring US Green Cards in return for investing $500,000 in a New Jersey property.

According to participants, Kushner’s sister, Nicole Meyer, promoted 1 Journal Square, a Kushner Companies’ development in Jersey City, at a recent event at the Four Seasons Hotel in Shanghai.

The sales pitch sought to raise funds from Chinese investors through the U.S. government’s EB-5 visa program, which permits permanent U.S. residency for those who finance projects that create a certain number of jobs.

The project is planning to raise $150 million from 300 EB-5 investors.

Trump’s family’s promotional efforts in China have generated widespread criticism of the EB-5 visa program, which has grown popular among wealthy foreigners seeking to move to the U.S. but faces increasing allegations of fraud and misuse. Critics see it as an attempt by China to curry favor with the White House.

Bi Ting, a 34-year-old woman who attended the Shanghai event, stated the obvious – having the name of the U.S. president’s son-in-law on the building was “a bonus for the project.”

The program is supposed to target poor US neighborhoods to generate jobs. 

It is time to end the EB-5 program which was crafted to benefit the super-rich.