The State is suing the South Dakota Regional Center over its management of the EB-5 program and federal authorities are threatening to revoke the states authority.
EB-5 grants foreign investors citizenship for a half-million dollars and Democratic Congressional Candidate Paula Hawks says those types of programs can lead to corruption.
Hawks says when you can find the highest dollar bidder to pay to gain citizenship, and that's what their interest is, that's a problem for her. Especially she says when there are others who working towards that goal in a different way.
Former state economic development commissioner Richard Benda committed suicide following alleged charges of embezzlement from the regional center.
- South Dakota
Subscribe for News
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.