Entries Tagged 'EB-5' ↓

Democrats plan to run this ad in Tidemann’s District


EB-5 isn’t Rounds’ first Scandalous Rodeo


He was lying 8 years ago, and he keeps lying today.

While things in the EB-5 world are heating up for Rounds (signing off on SDRC’s contract and now the Brown County Commission asking for a banking commission investigation) the stonewalling at Dakota Wuss College continues, and of course the lying (Wadhams claiming Kathy Tyler had a secret meeting with Brendan Johnson when all she said is that she talked to him, kind of like when I waited on him a couple of months ago and I asked him what he would like to drink, does our beverage conversation count as a secret conversation? I think he said something like, “I’ll take a merlot, and did you know, Rounds is guilty as Hell.” (snarc)

The lies get more ridiculous by the day, I hope they are paying BK Jr. good to purport all those lies on his ‘blog’. Pat really should have taken some lessons from the original fake political blogger, Jon Lauck.

But enough of those yahoos.

I wanted to remind everyone of all the other scandals Rounds was involved with while serving as governor, some of you have short memories;

Using his gigantic fleet of state owned airplanes for personal use, then paying the fuel bill from the Governor’s club fund ‘after’ he was busted. It was so scandalous at the time, Professor Reynold Nesiba got it on the ballot to limit Rounds’ travels, and the good people of SD agreed.

Increased the FTE’s by over a thousand during his short tenure, giving many jobs to family members and family members of campaign contributors.

No bid contracts to campaign contributors. Just call Scott Lawrence over at Lawrence and Schiller, he will explain it all to you, or maybe his dad can, you know, Craig Lawrence, the guy running the State GOP now.

Elkpoint / Hyperion fiasco. That has so many layers, don’t even know where to begin. How is that project going by the way? And how much state tax dollars were wasted?

Millions in subsidies to TransCanada, that they didn’t need or ask for.

Taking public education funding in SD back to the stone age (remember, one of Rounds’ objectives is to get rid of the Federal Department of Education as senator).

I could go on, but you get the gist. Why on earth any South Dakotan would want to send this crook to Washington is beyond me. Don’t get me wrong, I don’t have 100% confidence in Weiland or even Pressler as our next Senator, but I will say this about the two gentlemen, one was honored for his integrity and the other wants to fix healthcare by offering a public Medicare option, which is what the ACA should have offered from the freaking beginning.

All we will get with Marion Mike Rounds is more scandals, afterall, this is a guy who doesn’t even use his first name. Even Alice Cooper has more integrity then that.


An interesting observation on EB-5

While Maddville and Dakota Wuss College go at it over who is lying about EB-5 (Mostly Rounds) I found an interesting twist on how Rounds ran EB-5 in this article;

Other press reports placed these fees — which are totally unregulated by the feds — at a flat, one-time payment of $30,000 to the regional center, and $15,000 to lawyers (who were probably related to the center.)

All of these fees, except the legal ones, would have gone to the state government had it not been for the contract with the Rounds administration

Let’s think about this conversion of a unit of a public university to a for-profit entity for a moment and discuss a hypothetical analogy:

Suppose the dean of the Engineering School at the hypothetical Maryland State Institute of Technology, discovered that some patents the school owned were about to become very valuable. Do you suppose the dean could persuade the president of MSIT to spin off the engineering school (including the patents) to the dean’s personal ownership, for a nominal return? That sound’s pretty unlikely, but that is exactly what happened in South Dakota at Northern State University.

I am puzzled as to why the facts outlined above — none of them secret — have not exploded into a major scandal in South Dakota. Here’s a situation in which one might well talk about self-dealing, conflicts of interest, depriving the state government of millions in revenues, the fiduciary responsibilities of state officials (such as Bollen), and the like.

I suggest you read the entire article. It is intriguing because what this blogger does is point out what is ‘scandalous’ about EB-5 that has already being reported to us, and fairly obvious to those who have been following the mess, and how the media isn’t effectively relaying that message to voters and constituents.

As the article points out, why hasn’t this exploded into a major scandal? Our apologetic, underpaid, advertorial media is mostly to blame.

Bring it on!


Towards the end of the Governor candidate debate yesterday at the state fair, Myers asked that Governor Daugaard be asked to swear on the bible to testify about EB-5, Dennis yelled out at Myers (in the above image) ‘Bring it on!’ a couple of times.

We are waiting Dennis, we are waiting.

Somebody may be eating their words

As the EB-5 scandal has reared it’s head again, it seems some in the GOP are in denial;

Craig Lawrence, the chairman of the South Dakota Republican Party, said Democratic calls for more investigation are fruitless.

“This is probably one of the most investigated matters in the history of South Dakota,” Lawrence said. “Through all this, there’s no smoking gun.”

First off, yes there have been ‘investigations’ but not a lot of answers and we have yet to hear from what the Feds have found, which leads me to believe, they are still investigating. Mr. Johnson could easily have said, “The investigation is over with.” He did not.

As for saying it will be fruitless to ask more questions, I highly doubt it. Remember, we still haven’t seen Benda’s autopsy and Joop has still not spoken publicly. It seems the GOP is running around these days with a bunch of fire extinguishers trying to put out those smoking guns.

I encourage everyone to watch the video of Patrick Duffy in the above link.