FREE Sign upLogin
Politicians Who Steal State Funds Could Face Felony Charges

Politicians Who Steal State Funds Could Face Felony Charges

EB-5 Visa, EB5 Visa, EB-5 Investment

Attorney General Marty Jackley says he is pleased that the Senate Judiciary Committee has passed a Conflict of Interest bill, which is now on its way to the South Dakota Senate Floor.

If passed, the law would make any thefts by any public official in excess of $1000 a felony.  Currently the charge is considered a misdemeanor.

The suggestion of this law from the Attorney General’s Office is due to recent investigations into misuse of funds.   Most recent misuse of South Dakota’s money includes Scott Westerhuis and the ill fated Gear Up Program, and Joop Bollen’s involvement in the EB-5 Investment for Visa Scandal.

Jackley says this bill is not intended to be the primary deterrent to those considering taking funds, but as a way to prosecute those who misuse state funds.

The measure passed unanimously.



  • South Dakota

Subscribe for News

Site Digest


Securities Disclaimer

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. 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.