Kushner Companies, Jared Kushner’s family-owned real estate firm, has been reportedly subpoenaed by federal prosecutors, CNBC reports. The subpoena is allegedly related to the company’s use of the EB-5 federal visa program.
The EB-5 federal visa program provides green cards to immigrants who invest at least $500,000 in U.S.-based businesses that will create ten jobs or more.
No details have been revealed about the nature of the violation, but at least one Jersey City project was part of the subpoena. The project in question was partly funded by the EB-5 program.
One of the projects in question may be One Journal Square in Jersey City. Kushner dropped his name during a real estate development pitch to Chinese investors back in May. Kushner’s lawyer, after hearing Kushner’s sister’s comments, released a statement that his client had already divested all interests in the project.
Just days after his sister mentioned his name, Kushner divested his ownership stake to his mother’s trust.
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