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Posts tagged as “Northern Beef Packers”

Tsitrian: Wismer Should Remain on GOAC to Ask EB-5/NBP Questions

What?! Nobody brought up the EB-5/Northern Beef Packers scandal at the State Fair gubernatorial debate? My belief is beggared! Debate sponsor Farmers Union is clearly showing its organizational bias toward Republicans, obviously shielding Governor Dennis Daugaard from questions about his…

Perp Walk for Bollen: Where’s Our Bank Franchise Tax on EB-5 Loans?

Remember how they nailed Al Capone? One of the trickiest parts the EB-5/Northern Beef Packers/Governor's Office of Economic Development scandal is figuring out whether anyone broke the law. We've gotten mixed signals from the Governor and the Attorney General about…

More Reversal on NBP/EB-5: Daugaard May Sue to Recoup $550K Benda Bonus

On January 16, 2014, Governor Dennis Daugaard asserted that Northern Beef Packers did nothing wrong in diverting $550,000 of a $1,000,000 state grant to Richard Benda and SDRC Inc. Attorney General Marty Jackley stunningly reversed that official position on July…

Tidemann: Legislature Pretty Much Done Probing GOED/EB-5

Senator Larry Tidemann (R-7/Brookings) says the Government Operations and Audit Committee's probe of financial misconduct in the Governor's Office of Economic Develoment and the EB-5 visa investment program are pretty much over. Over? I didn't even notice that they'd begun.…

Northern Beef Packers Missed Dirt Needs by Factor of 3

Before Mike Rounds adopted Northern Beef Packers as his legacy-building EB-5 visa investment project, NBP's organizers were already using EB-5 style magic math to guide their business planning. We already know NBP was wildly off on their job creation projections.…

Hand County Votes Down 50,000-Head Feedlot; Connection to NBP

Sometimes I wonder if South Dakotans are so desperate for economic development that they'll sacrifice anything—clean air, clean water, decent roads, decent wages—to get it. And sometimes, some South Dakotans surprise me by drawing the line. Out in Hand County…

Hellwig: Benda Squeezed NBP Funding, Blocked Access to Governor

Scott Waltman gets hold of a deposition of Dennis Hellwig, the original developer and owner of Northern Beef Packers, South Dakota's most spectacular EB-5 vias investment failure. Among the interesting comments are Hellwig's hints about economic development chief Richard Benda's…