The SEC is investigating the Kushner family's company over its use of a controversial visa program

pulse

January 6, 2018 4:17 PM

The Securities and Exchange Commission is investigating Kushner Companies for using a visa program that lets foreigners pay their way into the US.

The Securities and Exchange Commission (SEC) is investigating Kushner Companies for its use of a controversial visa program.
The company is owned by the family of Jared Kushner, President Donald Trump's son-in-law and senior adviser.
This isn't the first time Kushner Companies has come under scrutiny.

The Securities and Exchange Commission (SEC) has launched a probe into Kushner Companies, the New York real-estate firm owned by the family of President Donald Trump's son-in-law and senior adviser, Jared Kushner, The Wall Street Journal reported Saturday.

The investigation reportedly focuses on the company's use of the EB-5 visa program, which allows

In May, The Associated Press found that Chinese investors had spent at least $7.7 billion — and received more than 40,000 US visas in return — thanks to the EB-5 program in the last decade.

That same month, the Kushners' company held an event at a ritzy hotel in Beijing to encourage Chinese investments for a development project in New Jersey.

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