Sunday, February 11, 2018 8:43:43 PM
Jared Kushner's company under renewed scrutiny over Chinese and Israeli deals
Jared seeks salvation in foreign funds from Russia, China, and Israel. Seems Kushner is comfortable with mixing
government business with his own private business concerns. Like father-in-law, son-in-law in froth and trouble.
Family’s real estate company received a subpoena from the SEC, and separately questions have been raised about his business dealings in Israel
Edward Helmore in New York
Mon 8 Jan 2018 10.59 EST
Last modified on Sat 13 Jan 2018 17.56 EST
Last year, the Guardian reported on an event staged by the Kushner family in China to woo
wealthy investors into luxury developments. Photograph: Pablo Martinez Monsivais/AP
Jared Kushner’s business dealings are under renewed scrutiny amid reports that the US’s top financial watchdog is looking into an investment-for-visa program run by the Kushner family’s real estate company and questions have been raised about his business dealings in Israel.
[...]
A paper submitted by Texas lawyer Shae Armstrong to the Center for Immigration Studies alleged that secret commissions paid from US projects to Chinese state-run EB-5 agents may violate the Foreign Corrupt Practices Act.
According to Armstrong, EB-5 abuses are not confined to individual investor abuse but now include entities under foreign-government control.
Confirmation that the SEC is looking into Kushner’s New Jersey development comes as federal prosecutors have requested documents from the company pertaining to a $285m loan the firm received from Deutsche Bank. Last March, the company was forced to abandon a project with Chinese insurance giant Anbang to convert its 666 Fifth Avenue flagship building into luxury residential units using EB-5 financing.
https://www.theguardian.com/us-news/2018/jan/08/jared-kushners-company-under-renewed-scrutiny-over-chinese-and-israeli-deals
And Deutsche Bank is still around.
Jared seeks salvation in foreign funds from Russia, China, and Israel. Seems Kushner is comfortable with mixing
government business with his own private business concerns. Like father-in-law, son-in-law in froth and trouble.
Family’s real estate company received a subpoena from the SEC, and separately questions have been raised about his business dealings in Israel
Edward Helmore in New York
Mon 8 Jan 2018 10.59 EST
Last modified on Sat 13 Jan 2018 17.56 EST
Last year, the Guardian reported on an event staged by the Kushner family in China to woo
wealthy investors into luxury developments. Photograph: Pablo Martinez Monsivais/AP
Jared Kushner’s business dealings are under renewed scrutiny amid reports that the US’s top financial watchdog is looking into an investment-for-visa program run by the Kushner family’s real estate company and questions have been raised about his business dealings in Israel.
[...]
A paper submitted by Texas lawyer Shae Armstrong to the Center for Immigration Studies alleged that secret commissions paid from US projects to Chinese state-run EB-5 agents may violate the Foreign Corrupt Practices Act.
According to Armstrong, EB-5 abuses are not confined to individual investor abuse but now include entities under foreign-government control.
Confirmation that the SEC is looking into Kushner’s New Jersey development comes as federal prosecutors have requested documents from the company pertaining to a $285m loan the firm received from Deutsche Bank. Last March, the company was forced to abandon a project with Chinese insurance giant Anbang to convert its 666 Fifth Avenue flagship building into luxury residential units using EB-5 financing.
https://www.theguardian.com/us-news/2018/jan/08/jared-kushners-company-under-renewed-scrutiny-over-chinese-and-israeli-deals
And Deutsche Bank is still around.
It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”
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