A man who spearheaded South Dakota’s efforts to attract international investors to the state faces felony charges. Joop Bollen is accused of disposing of personal property subject to security interest.
The federal EB5 program offers visas to people from other countries in exchange for $500,000 investments in American businesses. Bollen ran the effort at the International Business Institute at Northern State University in Aberdeen. Then in 2009 the program switched to private administration through Bollen’s company, SDRC, Inc.