Kushner Companies raising money in China for New York apartments

New York real estate developers KABR Group and Kushner Companies held a publicly advertised event to raise money for a New York apartment building—but denied access to media.

The developers hope to raise $150 million through the event and others, organized by Chinese immigration agency Qiaowai. The events are advertised as opportunities for investors to get EB-5 visas. Foreigners who invest more than $5000,000 in certain development projects are eligible for the visas.

Jared Kushner was a principal owner and CEO of Kushner Companies. He resigned as CEO after being named presidential adviser. He also started selling off business interests at that time, to avoid conflicts of interest.

One potential investor, building materials tradesman Liu Guoqi said afterward that he felt more secure investing in this project than one offered by the Chinese government.

“I think if in China, you have a government background, it could be a scam.

“But in America, can the president make all rules? I have no idea. Does the federal government have relationships with the local government? I don’t think so. He’s just being the president.

“Of course, he was a businessman right? It’s fine if businessman does his business according to the rules. Unless you violate business rules of course, if that’s true he will receive punishment sooner or later.

“As an investor, I don’t care who he is. I only care if my capital is safe,” said Liu.

 
 
 
RECOMMENDED ARTICLE

Rescuing turtles from ghost net

Rescuing turtles from ghost net
READ MORE >
 
 

North Korea Buckles Under New Sanctions

North Korea Buckles Under New Sanctions
The North Korean regime acknowledged on Friday that newly imposed sanctions are having a tremendous impact on the ...
READ MORE >
 
US

Bill Clinton Wanted to Meet Key Russian Nuclear Official as Obama Admin Considered Uranium Deal

Bill Clinton Wanted to Meet Key Russian Nuclear Official as Obama Admin Considered Uranium Deal
Before Bill Clinton traveled to Russia to give a $500,000 speech in the summer of 2010, he asked ...
READ MORE >
 

A Chinese Official Missing From Major Party Event Has People Guessing About Power Struggle

A Chinese Official Missing From Major Party Event Has People Guessing About Power Struggle
On the first day of the 19th National Congress on Oct. 18, the most important political meeting on ...
READ MORE >
 

North Korea: Having Nuclear Weapons is a ‘Matter of Life and Death’

North Korea: Having Nuclear Weapons is a ‘Matter of Life and Death’
Pyongyang does not plan to hold any talks with Washington about its nuclear program, a senior North Korean diplomat ...
READ MORE >
 

When lion lies down with the little lamb

When lion lies down with the little lamb
A starving young lion certainly managed to get his claws into a tasty little snack.  This intense video ...
READ MORE >