A non-Indian cash management company that owes $10.4 million to tribes has filed for bankruptcy protections in federal court.
A federal judge ordered Money
Centers of America of Pennsylvania 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.
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.
Both tribes are listed as the company's major creditors. Both decisions are being appealed.
Turtle Talk has posted documents from the 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.
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