Investigations into the state's EB-5 immigrant visa program stemmed from a look into the finances of an idled beef plant in Aberdeen.
Thirty-five Chinese investors who lost $18.55 million in a failed South Dakota economic development project will take their fight to the state Supreme Court next week, adding another chapter to the state’s controversial participation in a federal immigrant-investor program known as EB-5.
The investors want their money back and are suing several entities for it: the state of South Dakota and two state departments; a man named Joop Bollen, of Aberdeen, who formerly managed the state’s immigrant-investor center under a contract with the state; and two of Bollen’s business entities.
The state won a dismissal from the lawsuit July 18 in a decision by Sixth Circuit Court Judge John Brown, who is based in Pierre. But the Chinese investors, who want to keep the state in the lawsuit, have asked the state Supreme Court to consider an appeal of the decision before the lawsuit is resolved.
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