The tribal-issued license for First Green Loans. Image from Chippewa Cree Tribe
The Chippewa Cree Tribe of Montana is accusing its partners in an Internet lending business of theft and fraud. The tribe started Plain Green Loans and First American Capital Resources with four out-of-state partners. The lawsuit claims they bilked the tribe out of more than $13.1 million. "The tribe has lost millions of dollars because of these entanglements, defendants' overtly fraudulent acts, and their clandestine and complex fraudulent scheme," the complaint states, KXLH reported. Plain Green remains in operation but First American Capital Resources was shut down last fall, KXLH reported. Get the Story:
Chippewa-Cree leaders say the tribe was bilked out of $13M by loan business partners (KXLH 9/4)
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