Event Sunday: Kushner and Companies

event sunday: The pitch seeks to raise funds from Chinese investors through the U.S. government's EB-5 visa program, which allows permanent U.S. residency for those who finance projects that create a certain amount of jobs, according to The Japan Times. The event was organized by Beijing-based immigration services company QWOS and Kushner Companies, according to an advertisement on the Chinese company's website, which says the project is seeking 150 million from 300 EB-5 investors. Kushner's sister, Nicole Meyer, promoted One Journal Square, a Kushner Companies' development in Jersey City, at an event Sunday at the Four Seasons Hotel in Shanghai, according to participants. Kushner, a senior adviser to Trump, stepped down as chief executive of the Kushner Companies in January and has sold stakes in several properties to help allay concerns about conflict of interest. Critics say many of the investments purportedly aimed at assisting poor areas of the U.S. have instead wound up going to projects in more affluent neighborhoods, while many programs have been badly hit by fraud scandals. 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 U.S. but faces allegations of fraud and misuse. (news.financializer.com). As reported in the news.