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January 13, 2014
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
January 13, 2014 - 6:52am
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