Oglala Sioux Tribe responds to allegations in massive bond scam
Leaders of the Oglala Sioux Tribe are responding to allegations that they were duped out of millions of dollars in a shady bond scheme.
President John Yellow Bird Steele was adamant in assessing the impact of what federal authorities said was a $60 million fraud. “We’re victims,” he told Indian Country Today.
But the entity at the heart of the scheme -- the Wakpamni Lake Community Corporation -- hasn't said much in public about a criminal case and a civil enforcement action that generated headlines around the world. Seven non-Indians have been charged but no one from the reservation has been indicted.