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sex act.
• Attorney General Marty Jackley said three Rapid City men were also arrested: 31-year-old Jerry Lane Golliher, 27-year-old Eric D. Murphy and 24-year-old John Miller.
• Attorneys for the seven men were not listed.
• An affidavit filed in federal court by FBI Special Agent Matthew Mohr said investigators placed multiple advertisements on the Craigslist.org and Backpage.com websites offering young girls for prostitution.
• Mohr said the men responded to the ads and then negotiated with undercover agents who were acting as the 12- and 13-year-old girls' pimps.
• The Rapid City ICAC Task Force sting was a joint effort by the FBI, the state Division of Criminal Investigation, the Rapid City Police Department and the Pennington County Sheriff's Office.
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Investment company: Quick beef plant sale needed
DIRK LAMMERS,Associated Press
• SIOUX FALLS, S.D. (AP) -- An investment company that loaned a troubled South Dakota beef plant $35 million last September says Northern Beef Packers has no cash and a quick sale is needed to preserve the value of the state-of-the-art facility.
• The Aberdeen plant filed for protection under Chapter 11 last month. The bankruptcy court in Sioux Falls will look at the company's plan to obtain credit to move forward with a sale or restructuring during a hearing scheduled for Thursday morning.
• In a memo filed Wednesday, White Oak Global Advisors attorney Roger Damgaard said the plant needs money to pay security guards and a skeleton staff of essential employees and assist with the bankruptcy case.
• "The Debtor is not operating and has no cash," Damgaard wrote. "The Debtor's primary asset, the Aberdeen beef processing facility, currently sits idle and is in dire need of funding to pay critical post-petition expenses necessary to preserve value."
• Once locally owned, Northern Beef Packers is 41 percent owned by businessman Oshik Song with 69 other Korean investors who each gave at least $500,000 under the federal EB-5 program that encourages foreign investment in exchange for qualifications to secure permanent residency.
• Land for the $109 million plant was first secured in 2006, but the company wasn't able to slaughter its first animal until late in 2012 and has since struggled to raise the operating funds to ramp up to full capacity.
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