Arbitration Ruling Highlights Deep EB-5 Divisions

Oct 7, 2014

A California arbitrator cleared the South Dakota Board of Regents and the state in a breach of contract case involving the federal EB-5 immigrant visa program.
Both political parties are claiming gains from the case that has become a center point this election year.
Republicans say this resolution vindicates Mike Rounds and state officials of any wrongdoing.  
Democrats say not so fast.  They point to over one hundred-million dollars they say South Dakota lost out on when a state employee, under Mike Rounds, formed his own company to benefit from large EB-5 fees.