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Diaz sentenced to 80 years in prison for murder, kidnapping

Pierce McDowell at South Dakota Trust in Sioux Falls poses next to a 1934 news clipping from when a notorious gang robbed the bank where his grandfather worked. As much as anyone, McDowell can take credit for transforming South Dakota into the Bermuda of the prairie: In just four years, the amount of money administered by such state trust companies has tripled to $121 billion, almost all of it from out of state. (Bloomberg News photo by Zachary R. Mider)

The rich and their trust funds benefit from SD addresses

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By Zachary R. Mider

Bloomberg News

Among the nation’s billionaires, one of the most sought-after pieces of real estate right now is a quiet storefront in Sioux Falls.


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