The Securities and Exchange Commission (SEC) has launched an investigation into Kushner Companies, the real estate empire belonging to the family of Jared Kushner, President Trump's son-in-law and senior adviser, The Wall Street Journal reported Saturday.
The previously unknown probe reportedly began this past May and focuses on the company's use of the EB-5 visa program, which awards green cards to immigrants who invest at least $500,000 in eligible U.S. businesses. It is not clear what investigators may believe was improper in Kushner Cos. use of the visa; a representative of the company denied all wrongdoing.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Sex, drugs and a royal ruckus: the US play with a future gay Prince GeorgeTalking Point The controversial off-Broadway show is a hit with audiences in New York
-
Labour's brewing welfare rebellionThe Explainer Keir Starmer seems determined to press on with disability benefit cuts despite a "nightmare" revolt by his own MPs
-
A potentially mutating bat virus has some scientists worried about the next pandemicUnder the Radar One subgroup of bat merbecovirus has scientists concerned
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
