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. Get the Story: