Aug 3, 2017

Report: Kushner Cos. subpoenaed over visa-focused pitches to investors

Pablo Martinez Monsivais / AP

New York federal prosecutors have subpoenaed Kushner Cos., the New York property development business owned by Jared Kushner's family, per the Wall Street Journal reports.

This is over a New Jersey development financed in part by a visa program. The company had solicited Chinese investment, saying up to 300 individuals who invested half a million dollars each into the project would be eligible for green cards through the EB-5 visa program.

Kushner Cos. general counsel, Emily Wolf, said the company "did nothing improper" and is cooperating with legal requests for information.

Jared Kushner resigned from his role in the business before joining his father-in-law's administration, but he reported receiving between $1-5 million in capital gains from the development in question. His White House role was mentioned in advertising pitches, but the family denies that it was using his position to draw investment.

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Updated 22 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 1 p.m. ET: 6,789,313 — Total deaths: 396,388 — Total recoveries — 2,784,210Map.
  2. U.S.: Total confirmed cases as of 1 p.m. ET: 1,906,060 — Total deaths: 109,305 — Total recoveries: 491,706 — Total tested: 19,231,444Map.
  3. Education: Students and teachers flunked remote learning.
  4. Public health: Fauci: "Very concerned" about spread of coronavirus amid George Floyd protests — Cities offer free coronavirus testing for protesters.
  5. Tech: The pandemic is accelerating next-generation disease diagnostics — Robotics looks to copy the software-as-a-service model as use of robots accelerates.
  6. Jobs: Better-than-expected jobs report boosts stock market.

Buffalo police officers arrested after shoving 75-year-old protester

Photo: Mike Desmond/WBFO via AP

Two Buffalo police officers were charged with assault on Saturday after a video emerged of them shoving a 75-year-old protester while clearing a demonstration in the wake of George Floyd's killing, AP reports, citing prosecutors.

The state of play: Both officers pleaded not guilty to second-degree assault, and were released without bail. After the law enforcement officers were initially suspended without pay on Friday, all 57 officers on the Buffalo Police Department's Emergency Response Team resigned in a show of support for their fellow officers' suspensions.

Humility for forecasters: Jobs shocker is record miss

President Trump speaking in the Rose Garden following the release of the jobs report on May 5, 2020. Photo: Jonathan Newton/The Washington Post via Getty Images

Economists were projecting that May's jobs figures would show a loss of 8 million jobs and an unemployment rate approaching 20% — Great Depression territory.

The state of play: Instead, a record 2.5 million workers were added, and unemployment fell to 13.3% from April's post-World War II high of 14.7%.