Time in prison for illegal campaign donations, tax evasion and witness tampering
SHANGHAI — Like many American firms that come to China looking for money, Kushner Companies on Sunday tried to woo a Shanghai audience with promises of potentially big returns and a path toward living in the United States.
But for Bi Ting, who attended the event, part of the appeal was political: Jared Kushner is the son-in-law of — and a powerful adviser to — President Trump. Virtually unheard-of in China just months ago, he is now known here as a deeply influential figure in American politics.
“The Trump relationship is an extra point for me,” Ms. Bi said, adding that she and her husband had not decided whether to invest.
The Kushner Companies’ China roadshow, promoting $500,000 investments in New Jersey real estate as the path to a residency card in the United States, moved to Shanghai on Sunday after a similar pitch on Saturday in Beijing.
Could it be any more blatant and shameless? “Hi, my wife is the president of the US’s daughter, and we both work for him. Buy shares in our company!”
Mr. Kushner has said that he has stepped back from the day-to-day operations of the family business. But government ethics filings show that he and Ivanka Trump, his wife and the president’s daughter, continue to benefit from Kushner Companies’ real estate and investment businesses, a stake worth as much as $600 million, and probably much more.
They are using their connection to increase their profits. That is not supposed to happen.
There were security guards keeping journalists out of the event. Again, this should not be happening.
But some who attended described an investor pitch similar to the one in Beijing, and Mr. Trump’s political power was palpable at the Shanghai event even if his name went unsaid. As on Saturday in Beijing, one slide presented to the Shanghai audience on Sunday showed a photograph of Mr. Trump when describing who will decide the future of the visa program for foreign investors, according to a snapshot taken by an audience member.
The Kushner Companies’ marketing push comes as Mr. Kushner is emerging as a crucial voice on China relations, brokering meetings between his father-in-law and top Chinese government officials.
Corrupt and sleazy.
Yesterday’s event in Beijing was also corrupt and sleazy, not to mention furtive.
On Saturday afternoon, Mr. Kushner’s sister Nicole Meyer made a pitch to attract $150 million in financing for a Jersey City housing development, known as One Journal Square, to more than 100 Chinese investors gathered at the Ritz-Carlton Hotel in Beijing.
The money would be provided through a much-criticized government program known as EB-5 that awards foreign investors a path to citizenship in exchange for investments of at least $500,000 in American development projects.
…
His relatives’ embrace of the EB-5 program may also pose complications for Mr. Kushner. The program has been labeled “U.S. citizenship for sale,” and it has come under scrutiny after a series of fraud and abuse scandals. Watchdogs have noted the program’s lax safeguards against illicit sources of money.
Yes but it’s money. What else matters?
Noah Bookbinder, executive director of Citizens for Responsibility and Ethics in Washington, a liberal nonprofit group, said the sales pitch by Kushner Companies in China was “highly problematic” and could be interpreted as selling access to Mr. Kushner. He called on Mr. Kushner to recuse himself from any decisions related to the EB-5 program.
Lawmakers are considering major changes to the program, through which investors, mostly from mainland China, receive about 10,000 visas each year. Some critics have urged the government to abolish it entirely. A slide displayed at the event on Saturday identified Mr. Trump as a “key decision maker” on the fate of the EB-5 program.
Plus Daddy-in-law.
On Saturday, Ms. Meyer talked about how family values had shaped Kushner Companies. She spoke of her grandparents, who survived the Holocaust, and about her father, Charles Kushner, who founded the company in 1985. He later spent time in prison for illegal campaign donations, tax evasion and witness tampering.
So that’s how family values shaped Kushner Companies. Good to know.
As Ms. Meyer spoke, journalists for The New York Times and The Washington Post were removed from the ballroom and told by organizers it was a “private event,” even though it had been publicly advertised. It was hosted by Qiaowai, a Chinese immigration agency that helps Chinese families move abroad. Ms. Meyer is scheduled to appear in other Chinese cities in the coming days.
Ms. Meyer was asked after the event whether she was concerned about possible conflicts of interest facing her brother, but she did not respond. A man accompanying her, growing angry, shouted, “Please leave us alone!”
Yeah, please leave them alone so that they can milk their connections to Donnie Trump for maximum profit.
I’m sure Donald’s answer to that would be “that’s just called smart” – like he said to Clinton in debate in response to questions she asked about some of his less savory business practices.