Friday, May 12, 2017

Kushners' firm will not appear at Chinese events after scandal, but will keep on courting investors

According to The New York Times, the real estate firm owned by the family of Jared Kushner will not appear at events in China after the scandal that erupted when Jared Kushner's sister, Nicle Meyer, tried to use her White House connections in order to court Chinese investors to invest millions in one of the firm's projects in exchange for green cards.

BUT... the firm WILL continue to search for investors. In other words, they will lay low for now because of the scandal, but they will keep on trying to get investors regardless.

From the NYT article:

But after an uproar, the company and its Chinese partner said on Friday that Kushner Companies would no longer be present at those events, although it will continue to actively court investors.

The company is seeking $150 million in financing for a New Jersey housing development through a program that gives foreigners who invest at least $500,000 a shot at green cards, which allow permanent residence in the United States. The overall sum represents about 15 percent of the total cost of the property project.

So apparently with Trump the problem is not to have conflicts of interests, but to get caught.


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