Joop Bollen set to change plea in EB-5 visa case

PIERRE, S.D. (AP) - The former administrator of South Dakota's investment-for-visa program appears ready to change his plea in a high-profile financial misconduct case.

Attorney General Marty Jackley said that Joop Bollen is scheduled to appear in court Wednesday for a change-of-plea hearing. An attorney for Bollen declined to comment to The Associated Press.

Bollen previously pleaded innocent to felony charges that accuse him of diverting more than $1.2 million from an account created as part of a contract with the state to protect it against costs or liability from the EB-5 visa program.

Authorities say the money was mostly replenished.

The charges deal with a company Bollen founded that previously handled South Dakota's participation in the EB-5 visa program.

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