Trump adviser in conflict of interest controversy

Jared Kushner Ivanka Trump

The tagline on a brochure read, "Invest $500,000 and immigrate to the United States".

Ethics laws prohibit government officials from profiting personally from their public sector work, it said.

"It's incredibly stupid and highly inappropriate", Richard Painter, the former chief White House ethics lawyer for President George W. Bush, told The Washington Post.

Regardless if Mr. Kushner was involved, or even aware, of this conference, it's clear that the story will likely not go away very soon.

A Qiaowai sales staff member at the Shanghai event said it could take five years for applicants to be granted a visa under the scheme. "Of course [Chinese investors are] going to want to invest".

Jared Kushner is reportedly close to China, and played a key role in the relationship between Trump and his Chinese counterpart Xi Jinping. Every branch of the Communist Party, every province and city often operates as a fiefdom for those in power, allowing leaders special, lucrative access to policy, land and government contracts. They are called "fuerdai."...

Volunteers can invest in a real estate project in the U.S. stated of New Jersey, dubbed Kushner 1, and get an investor visa.

She advised them to make use of a visa programme known as EB-5, which offers foreigners a path to U.S. citizenship in exchange for investments of at least $500,000 in USA projects.

It's called the EB-5 immigrant investor visa program.

Nicole Kushner Meyer, the sister of Trump son-in-law Jared Kushner, one of the president's top White House advisers, spoke Sunday to potential investors in Shanghai after making the same pitch the day before in Beijing. Liu said he had been to previous pitches for EB-5 investments but had concerns about the risks. Some Chinese refer to the residency authorization as a "golden visa".

In the run-up to the 2016 presidential election, Trump repeatedly accused China of "raping our country", vowing to bring jobs back to the US. Instead of being able to buy a green card for as little as $500,000, rich foreigners might have to chip in $1.3 million or more.

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Almost 90 percent of EB-5 visas were issued to Chinese nationals in 2014, when the program reached its quota of 10,000 visas.

The event was organized by Beijing-based company QWOS and Kushner Companies, according to promotional material, which says the project is seeking $150 million from 300 EB-5 investors.

"This project has stable funding, creates sufficient jobs and guarantees the safety of investors' money", read a description of the project, according to The Washington Post.

This weekend's presentation highlighted that the One Journal Square project was similar to a "Trump-branded luxury development", also developed by Kushner Companies. Kushner Companies apologizes if that mention of her brother was in any way interpreted as an attempt to lure investors. He divested his stake in one of them, K One Journal Square, in January. Jersey City fits neither of those categories. The reforms included efforts to revive that the program's original intent of providing investment in rural and distressed urban areas.

A sign is seen outside an event where Nicole Kushner Meyer, the sister of White House senior adviser Jared Kushner, was promoting a real estate development in Shanghai on May 7, 2017.

"Speaking in a ballroom, [Nicole] Meyer said the project 'means a lot to me and my entire family, '" according to the Times.

"The whole thing may change later this year so we feel that there isn't much time left", he said.

Numerous people who attended the event declined to be interviewed, citing privacy concerns, or were blocked by organizers from speaking to the news media.

Congcong Zhang reported from Beijing.

During Meyers' speech, reporters for the Times and the Washington Post were asked to leave after being told it was a "private event", though it had been publicly advertised.

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