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Detailed text transcripts for TV channel - MSNBC - 20170509:07:55:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20170509:07:55:00

People from a chinese company that works with them surrounded me grabbed my shoulder. i was threatened and forced to delete recordings and photos of the kushner family recruiting chinese investors. why all the ruckus? meyer invoked her brother's service as chief executive of kushner companies to join the trump administration as they solicited 150 unfolds answer if kushner development in new jersey. the money would be provided the law much criticized government program known as eb 5 that awards foreign investments. the next day, sunday, kushner companies apologized in a statement in a statement...

Detailed text transcripts for TV channel - MSNBC - 20170509:21:39:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20170509:21:39:00

Joining me now is richard painter under george w. bush and ethics in washington known as crew who is suing the president for violating the e moll umts clause of the constitution. let me start with eb-5 and the visas. it's a perfectly legal program. it seems the most corruptible program that the federal government has come up with where you can sell visas. >> yes. that's the problem. bribery is the exchange of money in return for official action from the united states government. what we have is a program where money is being exchanged for a visa. the program is only legal if there is no favori...

Detailed text transcripts for TV channel - MSNBC - 20170509:00:59:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20170509:00:59:00

Capital. that's why they're doing these road shows, is that correct? >> they've turned into this program this eb 5 program several time, and i think it's a popular way for them because as i mentioned, the investors here don't care about the return on investment. they're looking for green cards, access to a lot of money, $150 million in this case which is about 15% of the entire project. so we're talking about a very, very efficient way if you want to build something in new york, new jersey, these high-end markets, to get your funding and to get a lot of people involved. >> he broke the story, ...

Detailed text transcripts for TV channel - MSNBC - 20170509:21:38:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20170509:21:38:00

The visas in question are called eb 5 and also known as the golden visa. they come under fire in the past from lawmakers on both sides, but the program was extended last week buried in the funding bill that was signed by the president on friday. what is an eb 5 visa? they go to foreign developer who is invest $500,000 in the u.s. they are put on a fast track to get a green card. guess what. only about 10,000 are handed out every year. these visas are totally legal. it's not the first time a political figure ended up in hot water. the governorf virginia used them for a company he invested in wi...

Detailed text transcripts for TV channel - MSNBC - 20170509:07:59:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20170509:07:59:00

>> they've turned into this program this eb 5 program several time, and i think it's a popular way for them because as i mentioned, the investors here don't care about the return on investment. they're looking for green cards, access to a lot of money, $150 million in this case which is about 15% of the entire project. so we're talking about a very, very efficient way if you want to build something in new york, new jersey, these high-end markets, to get your funding and to get a lot of people involved. >> he broke the story, did a great job reporting it in beijing tonight. thank you for your t...