The man who administered South Dakota’s participation in a federal program offering wealthy immigrants visas in return for investments is scheduled to make his first court appearance in Aberdeen on Friday.
Court records show Joop Bollen has been charged with five felony counts including that he diverted money from an account meant to protect the state from losses into his company’s main account. Attorney General Marty Jackley says Bollen turned himself in and is free on bond.
Bollen has declined comment to The Associated Press.
The charges center around SDRC Inc., a regional center handling South Dakota’s participation in the EB-5 immigration visa program. Authorities allege that Bollen inappropriately transferred more than $1.2 million in 2012 out of an account meant to protect the state.
Source : ABC News