Firm ordered to pay $10.4M for doing business at tribal casinos

Wednesday, December 4, 2013  

A non-Indian cash management company is in big trouble for its business dealings with two tribes.

A federal judge ordered Money Centers of America to pay $5.62 million plus 10 percent annual interest to the Mille Lacs Band of Ojibwe Indians in Minnesota. The firm failed to repay the tribe for cash advances taken out by gamblers, The Philadelphia Inquirer reported.

A similar situation unfolded at casinos owned by the Ho-Chunk Nation in Wisconsin. The tribe's court has issued a $4.78 million judgment against the company.

The firm, however, doesn't appear to be able to pay its debts, the Inquirer reported. The Mille Lacs Band has been trying to get money out of executives, who come from a wealthy Pennsylvania family, the paper said.

Turtle Talk has posted documents from the two cases, Corporate Commission of the Mille Lacs Band of Ojibwe Indians v. Money Centers of America and Ho-Chunk Nation v. Money Centers of America, Inc.

Get the Story:
Money Centers ordered to repay millions to tribe (The Philadelphia Inquirer 12/4)