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Kushner Cos. Get Subpoenas on Use of Visa Program

SEC, U.S. prosecutors made requests to company in May
EB-5 lets immigrants get visas in return for U.S. investments

Video player cover image — Jared Kushner’s Rise to Power Mirrors Trump's

By

Matt Robinson and

January 6, 2018, 6:27 PM UTCUpdated onJanuary 6, 2018, 10:43 PM UTC

U.S. regulators and prosecutors have requested information from the real estate development business run by Jared Kushner’s family over a program that allows wealthy foreigners to obtain visas for investing in American projects, said two people with direct knowledge of the matter.

The Securities and Exchange Commission and prosecutors for New York’s Eastern District issued subpoenas to Kushner Cos. in May seeking details about its use of what’s known as the EB-5 program, according to the people, who asked not to be named because the requests weren’t public.