EB-5 has become code for one of South Dakota's most complex political scandals. EB-5 is the program by which foreign investors buy a chance at getting a visa by investing a half million dollars to create jobs.
EB-5 is alive now in federal court, with foreign investors suing to be repaid a loan of $32.5 million.
The money came from a limited partnership called SDIF, which brought in 65 foreign investors putting up $500,000 each.
Source: https://listen.sdpb.org/post/sd-supreme-court-tackles-eb-5-deadwood-mountain-grand-lawsuit-questions
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