The Elk Valley Rancheria of California issued a warning to the public about one of its former partners
The tribe loaned $480,000 to R. Shawn Ellis for a casino resort in Las Vegas. The plans fell through and Ellis and his companies have declared bankruptcy.
Ellis is now starting up a new venture. The tribe says people should think twice about investing with him.
"We want potential investors to understand the full-scope of the R. Shawn Ellis business," Chairman Dale Miller said in a press release.
The tribe says it's owed more than $1 million for the loan, interest and attorney's fees.
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California tribe cautions against working with bankrupt gaming executive
(Vegas Inc 6/3)
Related Stories:
Elk Valley Rancheria seeks money from
ex-casino partner (6/1)
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owes Elk Valley Rancheria declares bankruptcy (12/3)
Business Deals | California
Elk Valley Rancheria warns investors about former partner
Monday, June 6, 2011
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