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.

Go deeper

1 hour ago - World

U.S.-Israeli delegation secretly visits Sudan

Photo: Artur Widak/NurPhoto via Getty Images

A joint U.S.-Israeli delegation traveled secretly on Wednesday to Sudan for talks on a possible announcement on "ending the state of belligerence" between the countries that could be released in the next few days, sources briefed on the trip told me.

The big picture: President Trump announced earlier this week he is ready to remove Sudan from the U.S. state sponsors of terrorism list once Sudan pays $335 million in compensation to American terror victims.

Felix Salmon, author of Capital
2 hours ago - Economy & Business

A white-collar crime crackdown

Illustration: Eniola Odetunde/Axios

America has waited a decade for an aggressive government crackdown on white-collar crime. Now, just before the election, and in the middle of a bull market, it has arrived.

Why it matters: When times are good, investors become more trusting and more greedy. That makes them more likely to put their money into fraudulent or criminal enterprises.

  • After a decade-long bull market, there is no shortage of those frauds to prosecute.
2 hours ago - Technology

Lawyers crystal-ball the Google antitrust case

Illustration: Eniola Odetunde/Axios

The Justice Department's antitrust suit against Google is a strong, straightforward monopoly case, competition lawyers and experts tell Axios. But that doesn't mean it'll be an easy journey for the government.

The big picture: Winning any antitrust case is a heavy lift. It's even more of a challenge to pull off victory in a future-looking case that seeks to make room for potential new competition to flourish.