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Resident Brought Up on Charges for Diverting EB-5 Funds
April 2, 2016

Resident Brought Up on Charges for Diverting EB-5 Funds

Joop Bollen, head of SDRC, Inc. and in charge of the state's EB-5 program until 2013, has been formally accused of transferring funds from the EB-5 program for his own personal use. According to the Rapid City Journal article, upwards of $1.2 million was transferred into a company account with the state and used to for personal gain.  One item included in the purchases was an Egyptian artifact purchased from a dealer in England.

Click on this archives link for past news articles related to the EB-5 program.

For more information about the EB-5 program and the current scandal surrounding it, check out this Knowledge Network resource page.

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