Black Hills Knowledge Netowork

Resident Brought Up on Charges for Diverting EB-5 Funds en.wikipedia.org
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.

Related items

  • Lead-Deadwood Hospital Welcomes New Community Paramedicine Program

    Lead-Deadwood paramedics will soon be able to help assess potential health risks for discharged patients, with an expansion of their role thanks to a new…
  • Area Colleges Team Up On Collaborative Learning Program

    Black Hills State University (BHSU), South Dakota School of Mines & Technology (SDSM&T), and Western Dakota Tech (WDT) have teamed up to allow all three…
  • Fire Blazes At Pine Ridge Oil And Trading Co.

    A fire started Saturday morning at the Pine Ridge Oil and Pine Ridge Trading Company building in Pine Ridge Village, reports the Rapid City Journal.…

Get Involved!

  • Need more information? Rapid City Public Library associates are standing by to answer your questions! Ask away in the box below during business hours for live feedback.

    For more on this feature, click here.

  • bhkn donate

    Enjoy our work? Donate today to ensure that community members will have access to our wealth of news, history, and data for years to come.

  • 211 logoDid this post inspire you to get involved? Visit our partner¬†211's Volunteer Database to find volunteer opportunities in your community.

525 University Loop, Suite 202
Rapid City, SD 57701
(605) 716-0058   [email protected]