In the "No News Is Bad News" Department, I was wondering if the South Dakota Banking Commission had ever ruled on whether SDRC Inc., the controversial Aberdeen company into which Joop Bollen privatized his state duties as EB-5 visa investment…
Posts tagged as “banking”
The South Dakota Banking Commission has yet to take any public action on Brown County's request that it investigate EB-5 czar Joop Bollen's SDRC Inc. for possible evasion of bank franchise tax. Director of Banking Bret Afdahl sent SDRC Inc.…
Saudi Arabia gave a Black Friday gift to the world oil market. The Saudis have persuaded their OPEC partners to sustain OPEC's current oil production rates (30 million barrels per day) rather than cutting production to pull oil prices out…
As we wait for the South Dakota Division of Banking to determine whether Joop Bollen should have been paying bank franchise tax on the money he made fleecing foreign investors, an eager reader finds a hint that Bollen's boon companion…
One more detail sneaks out of Denise Ross's report on Joop Bollen's inept management of Northern Beef Packers. The South Dakota Banking Commission may have exempted an honest-to-goodness bank from our bank franchise tax: Kang said once it became clear…
South Dakota Republicans continue to respond to charges of crony capitalism in Mike Rounds's EB-5 program by attacking the press with cries of Defamation! The Democratic Senatorial Campaign Committee this week pointed out that as governor, Mike Rounds "gave special…
Last month, South Dakota Director of Banking Bret Afdahl said that his office had sent a letter to SDRC Inc. requesting information about its lending activities. Afdahl made this announcement after the Brown County Commission called on the state to…
On May 11, 2011, attorney Jeff Sveen wrote a letter saying that his client, SDRC Inc., functioned like a bank: SDRC, Inc. does not promote economic development, but simply obtains funding through EB-5 and functions similar to a bank by…