Kushner Cos., the New York property development business owned by the family of White House senior adviser Jared Kushner, has been subpoenaed by New York federal prosecutors regarding its use of an investment-for-immigration program, according to people familiar with the matter.
The subpoena concerns at least one Jersey City, N.J., development financed in part by a federal visa program known as EB-5: twin, 66-floor commercial-and-residential towers called One Journal Square, said a person familiar with the subpoena.
A spokesman for the Brooklyn U.S. attorneys office, which issued the subpoena, declined to comment. The Kushner Cos. general counsel, Emily Wolf, said in a statement that Kushner Companies utilized the program, fully complied with its rules and regulations and did nothing improper. We are cooperating with legal requests for information.
The subpoena, received by the company in May, was a document request that included a demand for emails, according to a person familiar with it.
It isnt clear what potential violations are being probed by the U.S. attorney.
In early May, the company drew attention for a marketing campaign in Beijing and Shanghai that solicited Chinese investors for One Journal Square, saying that up to 300 individuals who put $500,000 each into the project could be eligible for green cards under the EB-5 program, according to marketing materials reviewed by The Wall Street Journal.
