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February trial set in Bollen’s financial misconduct case

February trial set in Bollen’s financial misconduct case

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

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.


Source: http://www.argusleader.com/story/news/crime/2016/06/11/february-trial-set-bollens-financial-misconduct-case/85749034/

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