A February trial has been scheduled in the financial misconduct case against the man who once ran South Dakota’s investment-for-visa program.
The American News reports that Joop Bollen’s trial is scheduled for Feb. 6-10. He has pleaded not guilty in the case.
Bollen faces felony charges for allegedly diverting more than $1.2 million from an account created as part of a contract with the state to protect it against costs or liability from the EB-5 visa program.
Authorities say the money was mostly replenished.
Bollen’s attorney has said the state is trying to make his client a scapegoat for the scandal-ridden program.
The charges deal with SDRC Inc., a company Bollen founded that previously handled South Dakota’s participation in the EB-5 visa program.
Mentions
States
- South Dakota
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. 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.
