Press "Enter" to skip to content

Retiring Regents Exec: Bollen Hid Conflict of Interest, Confounding Accountability

While we wait for Bob Mercer’s report on his date with the Supreme Court to argue for opening the Richard Benda death investigation, retiring Board of Regents exec Jack Warner reminds us of the shady secret deals Benda’s EB-5 collaborator, Joop Bollen, foisted upon the state:

AP: Tell me what it was like to navigate the EB-5 incident.

Warner: It’s an issue that got tied up with a political campaign, and that made it much more visible. Mr. (Joop) Bollen was our employee (who oversaw the EB-5 program). We did have to defend a lawsuit in that regard … and the procedures we have in place for conflicts of interest simply did not work in this case because any conflict of interest management requires, first, disclosure and then, second,’ management of the potential conflict. And since the conflict was not disclosed, it made it more difficult for us to manage it [James Nord, “Warner Proud of Student Enrollment Growth, Student Success,” AP via Rapid City Journal, 2015.03.22].

The Legislature’s only response to Bollen’s fraudulent activities was to blame Richard Benda for everything EB-5 and pass a law this session that will sorta, kinda, maybe prosecute folks who try to pull a Bollen… if we find out about it… if the program isn’t cleverly hidden in the wrong state agency… and if the Governor feels like it.


  1. mike from iowa 2015-03-24 16:05

    You forgot Marty Jackley might be getting a pedicure as a reason not to investigate/prosecute another Bollen. Looks like they left out the convenient cadaver dunnit clause,as well.

  2. Roger Cornelius 2015-03-24 18:40

    Just wondering if Warner’s bank accounts and other streams of income have been audited by the FBI.

  3. Jim 2015-03-24 19:09

    So now we have conflicts of interest, and conflict of interest management?

  4. Jim 2015-03-24 21:58

    Whoa…that is deep down, bi-partisan dirty.

Leave a Reply

Your email address will not be published.