NBP Bankruptcy And EB-5 Questions Loom

Oct 1, 2014

It’s been over a year since Northern Beef Packers went bankrupt and some business owners in the Aberdeen area say they don’t expect to recover losses.  

According to the bankruptcy filing from August of last year Northern Beef owed more than $138-million to hundreds of businesses and individual investors from around the world, and even local city and state government.

Northern Beef Packers filed for bankruptcy in July of 2013.

NPB was receiving millions in foreign investment through the federal EB-5 program that is now the center of controversy.

There have been many stories written on this topic in newspaper articles and opinion pieces.  A year later many in Aberdeen say they still want to know where all the lost money went.

You can find a list of those who were owed money in the NBP bankruptcy filing as of July 2013 here.