>>> SATURDAY AFTERNOON AT THE RITZ-CARLTON HOTEL IF BEIJING,
NICOLE KUSHNER MIRE MADE A FROENGS CHINESE INVESTORS.
SHE'S THE SISTER OF JARED KUSHNER.
"NEW YORK TIMES" REPORTER JAVIER FERNANDEZ WAS THERE IN THE ROOM.
I ASKED KUSHNER'S SISTER WHETHER $100 MILLION IN CHINESE
INVESTMENT POSED A CONFLICT OF INTEREST.
LEAVE US ALONE, SHE SAID. PEOPLE FROM A CHINESE COMPANY
THAT WORKS WITH THEM SURROUNDED ME GRABBED MY SHOULDER.
I WAS TLED UNDERSTAND AND FORCED TO DELETE RECORDINGS AND PHOTOS
OF THE KUSHNER FAMILY RECRUITING CHINESE INVESTORS.
WHY ALL THE RUCK CUSS? MIRE ININVOKED HER BROTHER'S
SERVICE AS CHIEF EXECUTIVE OF KUSHNER COMPANIES TO JOIN THE
TRUMP ADMINISTRATION AS THEY SOLICITED 150 UNFOLDS ANSWER IF
KUSHNER DEVELOPMENT IN NEW JERSEY.
THE MONEY WOULD BE PROVIDED THE LAW MUCH CRITICIZED GOVERNMENT
PROGRAM KNOWN AS EB 5 THAT AWARDS FOREIGN INVESTMENTS.
THE NEXT DAY, SUNDAY, KUSHNER COMPANIES APOLOGIZED IN A
STATEMENT IN A STATEMENT THAT READS KUSHNER COMPANIES
APOLOGIZES IF THAT MENTION OF HER BROTHER WAS INTERPRETED ADDS
AN ATTEMPT TO LURE INVESTIGATORS.
THE SAME DAY, KUSHNER PROHIBITS WAS IN SHANGHAI MAKING ANOTHER
PITCH AT THE FOUR SEASONS HOTEL. SECURITY GUARDS KEPT REPORTERS
OUTSIDE THE LOBBY. TWO PRESENTATIONS IN TWO DAYS,
MAKES YOU WONDER HOW MANY OF THESE MEETINGS HAVE BEEN MADE
SINCE DONALD TRUMP' ELECTION. CHINA CORRESPONDENT OF THE
"NEW YORK TIMES." JAVIER, WAVE DELAY.
SO I'LL ASK YOU WHAT EXACTLY WAS THE SCENE THERE?
WHAT WAS THE GOAL OF THE EVENT THAT YOU ATTENDED?
>> IT WAS A VERY HIGH-END EVENT, NO, I DON'T, ATTRACT THE
WEALTHEST OF CHINESE WHO ARE INTERESTED IN GETTING GREEN CARD
TO COME TO THE U.S. WE WENT TO THE RITZ-CARLTON.
IT WAS A PUBLICLILY ADVERTISED EVENT AND LISTENED TO THE PITCH
FOR INVESTORS ABOUT THIS NEW ZBLILGD AND THE IDEA HERE IS
THAT IF YOU INVEST A CERTAIN AMOUNT OF MONEY, YOU GET A VISA
TO THE U.S.? THAT'S THE BASIC THROUGH IT OF
IT? >> THAT'S RIGHT.
IT'S $500,000, AND THAT PUTS YOU ON THE PATH TO A GREEN CARD MUCH
FOR A LOT OF CHINESE, THAT'S A POPULAR IDEA.
THEY WANT TO ESCAPE THE SMOG, POOR EDUCATION SYSTEM, AND SO
THEY'RE WILLING TO PUT UP THAT MONEY.
FOR INVESTORS THEY GET A SOURCE OF RELATIVELY CHEAP FINANCING.
THERE'S A LOT OF INTEREST RIGHT NOW.
>> TELL ME ABOUT THE CONNECTION IN WHICH JARED KUSHNER AND THE
PRESIDENT, DONALD TRUMP, WERE MENTIONED IN THE COURSE OF THIS
PITCH. >> JARED KUSHNER'S SISTER,
NICOLE MENTIONED HER BROTHER RECENTLY LEFT AS CEO AND NOW
SERVING IN THE TRUMP ADMINISTRATION.
EARLIER IN THE PRESENTATION THERE WAS ANOTHER PITCH, A
PRESENTATION, A SLOWED SHOW THAT SHOWED THE PRESIDENCY AS A KEY
DECISION MAKER ON THE EB 5 VISA PROGRAM.
>> THAT SEEMS TO BE KEY BECAUSE THE THING THEY'RE ACTUALLY
PITCHING IS ATTACHED TO FEDERAL IMMIGRATION POLICY, THAT THE
EXISTENCE OF THIS VISA. YOU'RE SAYING IN THE CONNECTION
OF THE PITCH THEY'RE SAYING VERY EXPLICITLY TO INVESTORS THIS IS
DONALD TRUMP SITTING AT THE HEAD OF IT?
>> RIGHT. THERE'S BEEN A LOT OF CRITICISM
AND TALK OF REFORM ABOUT THE PRACTICE.
SOME PEOPLE SUGGESTED GETTING RID OF IT SBIEFRMT IT'S AN
IMPORTANT DECISION IN THE NEXT SIX MONTHS WHETHER THEY'RE GOING
TO RENEW THIS PROGRAM OR NOT. THEY WERE TRYING TO REASSURE
INVESTORS THESE WERE THE KEY STAKE SKMORLDS IT'S LIKELY TO BE
RENEWED, BUT WE CAN ASSUME IT WILL BE RENEWED.
>> PART OF THE REASON THEY'RE DOING THESE ROAD SHOWS IS
THEY'RE HAVING TROUBLE FINANCING FOR THE PROJECT, THE BLOOMBERG
HEADLINE, THEY NEED THIS CAPITAL.
THAT'S WHY THEY'RE DOING THESE ROAD SHOWS, IS THAT CORRECT?
>> THEY'VE TURNED INTO THIS PROGRAM THIS EB 5 PROGRAM
SEVERAL TIME, AND I THINK IT'S A POPULAR WAY FOR THEM BECAUSE AS
I MENTIONED, THE INVESTORS HERE DON'T CARE ABOUT THE RETURN ON
INVESTMENT. THEY'RE LOOKING FOR GREEN CARDS,
ACCESS TO A LOT OF MONEY, $150 MILLION IN THIS CASE WHICH
IS ABOUT 15% OF THE ENTIRE PROJECT.
SO WE'RE TALKING ABOUT A VERY, VERY EFFICIENT WAY IF YOU WANT
TO BUILD SOMETHING IN NEW YORK, NEW JERSEY, THESE HIGH-END
MARKETS, TO GET YOUR FUNDING AND TO GET A LOT OF PEOPLE INVOLVED.
>> HE BROKE THE
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