• Skip to navigation
  • Skip to content
Print-logo
  • Home
  • Projects
  • about
  • blog
  • Newsletters
  • Categories
    • General
    • EB-5
    • Events
    • Projects
    • Fraud
    • Investigations
    • Regulatory
  • Authors
  • Contact
Logo1

Supreme Court: South Dakota doesn't have to repay EB5 beef plant investors

Viji Durga  June 26, 2020   comments   Fraud

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

Money from a group of Chinese investors used to fund a beef processing plant in Aberdeen was not procured fraudulently and the state doesn’t have to repay it, according to a decision by the South Dakota Supreme Court.

The case involves the EB5 program and what started as Northern Beef Packers on the southwest side of town. That project eventually went bankrupt.

The Supreme Court upheld a lower court decision that granted a motion to dismiss by state agencies and others involved based on what’s legally called “sovereign immunity.”

Source: https://www.mercurynews.com/2019/11/05/silicon-valley-woman-to-pay-50-million-for-allegedly-misappropriating-45-million-from-green-card-seekers/

Read more by clicking below image 

 

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

comments powered by Disqus
Subscribe to News
Most Popular News
  • SEC Halts $150 Mio. Ponzi Scheme with ties to EB-5 Regional Center

    SEC Halts $150 Mio. Ponzi Scheme with ties to EB-5 Regional Center
  • The Rise and Fall of South Dakota: A Cautionary Tale for EB-5 Public Private Partnerships Part I

    The Rise and Fall of South Dakota: A Cautionary Tale for EB-5 Public Private Partnerships Part I
  • Former EB-5 Visa Regional Center El Monte Being Investigated

    Former EB-5 Visa Regional Center El Monte Being Investigated
  • Successful Raise: EB-5 Funded Project Closes in Massachusetts

    Successful Raise: EB-5 Funded Project Closes in Massachusetts
  • China EB-5 Visas “Unavailable” for Remainder of FY2014 – What Does This Mean?

    China EB-5 Visas “Unavailable” for Remainder of FY2014 – What Does This Mean?

Most Popular Commentary
  • More Cautions About New EB-5 Policy Changes

    More Cautions About New EB-5 Policy Changes
  • Lessons I Learned From My First EB-5 Capital Raise: A Developer’s Perspective

    Lessons I Learned From My First EB-5 Capital Raise: A Developer’s Perspective
  • Perspectives on New EB-5 Policy Memo: Promise and Possibility

    Perspectives on New EB-5 Policy Memo: Promise and Possibility
  • Publicity and EB-5 Offerings: What on Earth Are You People Doing?

    Publicity and EB-5 Offerings: What on Earth Are You People Doing?
  • EB-5 Regional Center Payments to Chinese Emigration Agents

    EB-5 Regional Center Payments to Chinese Emigration Agents

Contact Us

EB5 News
email:michael@usadvisors.org

Latest Posts

  • Do I Meet The EB-5 Minimum Investment Requirement?December 02, 2020
  • American Dream offers visa residency by investmentDecember 01, 2020
  • Upcoming EB-5 Visa Bulletin for December 2020 & Latest NewsNovember 25, 2020

Follow Us

  • © 2021 EB5News.com All rights reserved.
  • Sign in
  • Sign up
  • Site Map