Kushners tap China’s $24B ‘golden visa’ market
Brand Stories ı By USA Herald
0 Comments
Federal investigators said in April they found that at least three Chinese investors who obtained green cards through the program were fugitives wanted by Beijing. And the U.S. Securities and Exchange Commission has opened more than a dozen civil cases since 2013 alleging fraud in projects involving around 2,000 investors and more than $1 billion in funds.
Defenders of the EB-5 program say it creates jobs and provides vital funding for projects across the United States, from massive developments in New York to hotels, restaurants and small businesses in the Midwest and on the West Coast.
“That’s the program working as it should, and more often than not, it is working as it should,” said Matthew Galati, a Philadelphia-based attorney who helps Chinese investors migrate to the U.S.
Canada’s program drew an estimated $2.4 billion through Chinese investors over the past decade, but the national government ended it in 2014, saying that it “significantly undervalued” Canadian residency and created little economic benefit. The province of Quebec has kept in place its separate program, which has drawn at least $1.9 billion from Chinese investment.
And a former Portuguese interior minister and other senior government officials have been on trial since February for corruption, influence-peddling and misconduct in handling “golden visa” applications of investors linked to three Chinese businessmen. Hungary suspended its program selling visas for government bonds earlier this year after opposition parties and watchdogs accused it of corruption.
Ironically, calls to end investment migration programs often end up as marketing tools for the hundreds of agents selling them in China. One agent made note of proposals to change the EB-5 program by saying, “Do not hesitate, and act quickly!”
Du Juan attended a seminar in Beijing held by an investment group pitching ski resorts and other projects. She knows the potential danger of investing through the U.S. program, but she’s willing to bear the risk as long as she can get her 10-year-old daughter enrolled soon in an American school.
“I don’t worry about the $500,000, but I worry about the loss of time,” Du said. “I am afraid that we’ll be unable to get the visa when we need it.
SLOWING THE FLOW
There are signs that China is trying to slow down the migration. These investors are among the category of people China hopes will buy its domestically made rice cookers, electric cars and energy-saving light bulbs to fuel a new chapter of consumer-led growth. Research by McKinsey shows that the upper-middle class already accounts for a fifth of China’s private consumption in cities.
Discussion
No comments yet. Be the first to join the discussion!
FOLLOW US
Recent Posts
Senate Democrats Respond to the Graham Platner Texting Scandal
Fairfield High School Graduation Shooting Investigation
Jury Reaches Significant Rebecca Grossman Scott Erickson Negligence Verdict
15 Hours of Terror: Inside the Downtown Bakersfield Crisis
Northern Lights Could Dazzle Millions Across the U.S. as Strong…
Random Violence Epidemic? Brutal Atlanta Train Stabbing of Elderly Grandmother…
Tech Executive Busted for Arming Iran With U.S. Tech in…
Don’t Miss It
Weather Warning: ‘El Niño’ Fears Grow as Forecasters Issue a Global Climate Alert
By – Jackie AllenActor Nick Pasqual Sentenced to 32 Years to Life After Conviction in Brutal Attack on Makeup Artist
By – Jackie AllenTurning the Page: Cassie Ventura Officially Leaves the U.S. Following Diddy Legal Storm
By – Tyler BrooksMystery in the Sewers: NYPD Investigates Strange Manhole Activity Across New York City
By – Tyler BrooksThe Guilty Verdict of Andrew Left: A Paradigm Shift for Short-Selling
By – Tyler BrooksThe Pentagon’s ‘Flying Humanoid’: A Masterclass in Diversion, or Something Far Stranger?
By – Tyler BrooksFBI Dismantles Sprawling Multi-State Drug Rings in West Virginia, Launches Nationwide Summer Crime Initiative
By – Tyler BrooksDeep Divide: Inside the Unprecedented Feud Between Top US Spy Agencies Amid Middle East Crisis
By – Tyler Brooks
Kelly Warner Law Firm Blames USA…
6/25/17 Learning of Mr. Levy’s filing to vacate another fraudulent…
By – USA Herald
Aaron Kelly Law Firm Resorts To…
Professor Volokh thereafter filed a bar complaint against Dan Warner…
By – Jeff Watterson
Arizona Bar Opens Investigation on Attorney…
USA Herald recently reported on a developing story involving Attorneys…
By – Paul O'Neal
Title: 2026 Midterm Primaries: Key Takeaways…
Discover the crucial results of the June 2, 2026 midterm…
By – Tyler Brooks
Bakersfield Bomb Threat Standoff: FBI Assumes…
BAKERSFIELD, California — A massive multi-agency police response completely locked…
By – Tyler Brooks
Remember Minority Report? AI Surveillance Cameras…
Conclusion Ultimately, the American public is rejecting the worst-case scenario…
By – Tyler Brooks
Operation Iron Pursuit Leads to Hundreds…
Authorities say the investigation sought not only to arrest offenders…
By – Jackie Allen
Federal Judge Lets ’86 47′ Flag…
“Use of the statement ’86 47′ and other variations will…
By – Samuel Lopez
Federal Judge Lets ’86 47′ Flag…
“Use of the statement ’86 47′ and other variations will…
By – Samuel Lopez
South Carolina Jury Clears Store Owner…
A South Carolina courtroom erupted with emotion Monday after a…
By – Tyler Brooks
Sleeping Dog Documentary Chronicles Jeremy Corbell’s…
For decades, UFO discussions largely existed on the fringes of…
By – Jackie Allen
Kendall Jenner, Jacob Elordi and the…
None of this is a knell. I’d never bet against…
By – Nathan Kay
Chaotic Midnight Shooting Leaves 3 Bloodied…
Gunman Remains Loose as Motive Eludes Detectives Law enforcement officials…
By – Tyler Brooks
43-year-old Man Hospitalized After a Stranger…
Investigators Collect Critical Ballistic Evidence Crime scene investigators spent several…
By – Tyler Brooks
Rare Blue Micromoon Lights Up the…
The Moon’s changing apparent size is simply a consequence of…
By – Jackie Allen
Frank Lloyd Wright and the Taliesin…
Relevant Links Frank Lloyd Wright Foundation Taliesin Preservation Guggenheim Museum…
By – Jackie Allen
Hollywood at a Crossroads: Spencer Pratt…
Spencer Pratt Presents a Competing Vision for Recovery While…
By – Jackie Allen
Hayden Panettiere has a Memoir About…
Rise to Fame on Heroes and Nashville Panettiere’s breakthrough came…
By – Jackie Allen
Blue Origin Rocket Explodes in Massive…
Relevant Links Blue Origin Official Website NASA Artemis Program Federal…
By – Jackie Allen
Blue Origin Rocket Explodes in Massive…
Relevant Links Blue Origin Official Website NASA Artemis Program Federal…
By – Jackie Allen
Alien Coneheads: New DNA Study Doesn’t…
Until then, the mystery remains unresolved. Science Versus Speculation The…
By – Jackie Allen
Trump’s Alien.gov Reveal Turns Into Immigration…
Stay Ahead of the Story For exclusive investigative reporting, breaking…
By – Samuel Lopez
Who’s Lying? E. Jean Carroll Faces…
Todd Blanche Recused from E. Jean Carroll Matter One notable…
By – Jackie Allen
Super El Niño: Will 2026 be…
ΔTglobal>1.5∘C\Delta T_{global} > 1.5^\circ CΔTglobal>1.5∘C Climate scientists have long warned…
By – Jackie Allen
Sabrina Carpenter Granted Restraining Order Following…
Citing “severe emotional distress,” the American pop star has successfully…
By – Tyler Brooks
The Diddy Fallout: Cassie Fights Back…
Two Diverging Paths These latest developments highlight an irreversible divide.…
By – Tyler Brooks
Archer Aviation: The eVTOL Takeoff Facing…
Conclusion: A Bimodal Investment Archer Aviation is not failing operationally;…
By – Tyler Brooks
From a Casual Night Out to…
It Doesn’t Happen Here’: Quiet Suburb Left Shattered After Fatal…
By – Tyler Brooks
From Folklore to High Finance: The…
Thematic ETFs: Investment funds capturing capital through aerospace stock aggregation.…
By – Tyler Brooks
Anthropic Files Historic IPO Triggering Fierce…
Anthropic Files Historic IPO Triggering Fierce Wall Street Ethics War…
By – Tyler Brooks
New Pill Doubles Survival for Pancreatic…
Federal Agencies Rush Public Patient Access The dramatic clinical success…
By – Tyler Brooks
FDA warns public as cookie firm…
“The FDA is issuing this alert to ensure customers are…
By – Tyler Brooks
Trump orders CDC to slash childhood…
Pediatricians Defy New Rules as Legal Battle Escalates The administration’s…
By – Tyler Brooks
USDA warns Americans over Salmonella in…
Federal Inspectors Order Kitchen Cleanout Federal safety teams are urging…
By – Tyler Brooks
GKN Aerospace’s Biggest Battle May Not…
If evidence emerges showing that decision-makers knowingly ignored serious safety…
By – Samuel Lopez
Garden Grove Chemical Crisis Sparks Class…
By Samuel López | USA Herald A full-scale legal and…
By – Samuel Lopez
Wembanyama in Tears: Spurs Dethrone Thunder…
Victor Wembanyama: 22 points, controlling the paint defensively Julian Champagnie:…
By – Tyler Brooks
Supreme Court signals 27 states could…
Timeline of the Historic Legal Battles The path to the…
By – Tyler Brooks
Mauricio Pochettino sounds alarm on Chris…
Mauricio Pochettino sounds alarm on Chris Richards injury By Tylor…
By – Tyler Brooks
USMNT star Chris Richards tears two…
The countdown to the 2026 World Cup begins The United…
By – Tyler Brooks
“Money” Mayweather Tucks Tail: $100 Million…
Because even though the lawsuit is now over, the questions…
By – Samuel Lopez
Mackenzie Shirilla Sent Text Messages to…
Police later concluded there was no evidence indicating she had…
By – Jackie AllenNo posts found.
No posts found.
