Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

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.

http://www.indianz.com/News/2016/06/09/oglala-sioux-tribe-responds-to-allegatio.asp

 

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