It's hard to predict who might be indicted for what in the state and federal investigations of financial misconduct in the Governor's Office of Economic Development, SDRC Inc., Northern Beef Packers, and the EB-5 visa investor program. But the GOED/EB-5…
Posts tagged as “EB-5”
Marion Michael Rounds says he didn't read the contract, but David Montgomery writes that Rounds signed off on the plan to turn South Dakota's EB-5 visa investor program over to an insufficiently supervised private operator Joop Bollen: Then-Gov. Mike Rounds…
All are punishèd! In 2006, Aberdeen beef man Dennis Hellwig asked the Brown County Commission to help him build his Northern Beef Packers slaughterhouse. The commission delivered help in the form of a tax increment finance district. Under the TIF…
Joop Bollen, you have the right to remain silent. For your sake, you might want to exercise it. If you keep saying absurd things like the following, no one will believe anything you say: The director of the South Dakota…
While Pat Powers continues his 'Move-along-folks-nothing-to-see-here' routine, plenty of other bloggers and mainstream journalists are finding lots to see and talk about related to the potentially corrupt EB-5 visa program in this state. They're also talking about the program's connection…
The main players so far in South Dakota's GOED/SDRC/EB-5 scandal are Richard Benda, whose untimely and strangely unexplained death seems to have popped the boil of South Dakota corruption surrounding the EB-5 program, and Joop Bollen, director of the private…
The EB-5 visa program that is blowing up in South Dakota was supposed to end last year. But Congress and the President extended it through Fiscal Year 2015 last year with Senate Bill 3245. The Senate passed it by unanimous…
Rule #1 for any political scandal: follow the money. David Montgomery gives us an idea of how much money there is to follow in the EB-5 visa scandal facing South Dakota's state economic development program: millions of dollars in "closing"…