Reuters previously revealed that Qiaowais promotional materials online and on social media, including for the One Journal Square project, sometimes referred to a green card guarantee or safeguard and the safety of capital invested in EB-5 projects.

After Reuters contacted Qiaowai for comment, these phrases were deleted. Qiaowai has also dropped the phrase “government-supported” from its online promotion of the One Journal Square project.

It is a fundamental rule of the EB-5 program that an applicants investment must remain at risk up to the end of the aliens conditional permanent resident status, and a guaranteed investment fails this basic EB-5 test; if Qiaowaiis in fact guaranteeing the safety of the investment principal, all related EB-5 petitions should be rejected by USCIS, wrote Grassley, who has long advocated for reform of the EB-5 program.

Qiaowais assurances to investors that their green cards were guaranteed and their funds were safe appeared to violate U.S. securities laws, Grassley’s letter said. It also cited a report on the project’s promotion by The New York Times.

Kushner Companies and the SEC declined to comment. Qiaowai, KABR Group and the Department of Homeland Security did not respond to requests for comment over the weekend.

Chinese investors account for around 80 percent of the nearly 10,000 EB-5 visas issued annually.

Criticism of the program has centered on instances of fraud and the fact that most of the funds in a program originally intended to help impoverished areas have instead gone to wealthy urban districts. Despite these concerns, earlier this month, Congress extended the EB-5 program until September 30.

The Chinese road show for One Journal Square earlier this month also attracted criticism. Kushner Companies apologized for Nicole Kushner Meyers reference to her brother, President Donald Trump’s son-in-law Jared Kushner, during the road show.

The company stressed that he was only mentioned in order to make clear that he was not involved with the project. Kushner Companies representatives skipped some later road show events.

Jared Kushner, whose White House portfolio includes relations with China, sold his stake in Kushner Companies to a family trust early this year.

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