"Lutnick admitted to The Financial Times that he could not stop pitching the investor visa to foreign dignitaries and business leaders globally before the visa initiative even officially launched."
"In March 2025, Lutnick boasted to the All-In Podcast that he had already sold 1,000 Gold Card visas at $5 million each."
"The process was recently resolved with DHS who runs the program, and they do a $15,000 the most serious vetting and analysis of any potential applicant in the history of government."
"Lutnick emphasized the newness of the program, stating, 'This is a new program, and they just set it up, and they wanted to make sure they did it perfectly.'"
Commerce Secretary Howard Lutnick testified that he sold only one Gold Card visa for $1 million, despite previously claiming to have sold 1,000 at $5 million each. The Gold Card program, initiated by President Trump, allows wealthy individuals to gain U.S. residency through significant financial contributions. Lutnick acknowledged the program's newness and the rigorous vetting process by DHS, which has only approved one application so far, with many more pending. He stated that the Trump administration will determine how to allocate the funds from the program.
Read at www.mediaite.com
Unable to calculate read time
Collection
[
|
...
]