Wealthy Chinese Have Spent Billions Of Dollars On Thousands Of ‘Golden’ US Visas
The Kushner family’s recent promise of immigration visas in return for major investments is linked to a U.S. visa program that is extremely desirable for wealthy Chinese investors.
Over the past decade, over 40,000 Chinese businessmen and investors have invested $7.7 billion in U.S. projects to obtain “golden” immigration visas. Worldwide, more than 100,000 Chinese have invested $24 billion in similar programs in multiple countries, reports the Associated Press.
The program is known as the EB-5 visa program, an investor visa program launched in the 1990s.
Speaking in Beijing a little over a week ago, Nicole Kushner Meyer, sister of senior White House adviser Jared Kushner, encouraged wealthy Chinese investors to invest at least $500,000 in a luxury apartment complex in New Jersey, a Kushner family project, in exchange for immigration visas, according to the Washington Post.
- New Jersey
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