Groups backing tribal casino hit with fraud order

Tuesday, November 8, 2005  

The Ohio Division of Securities has issued a cease-and-desist against two groups backing the Eastern Shawnee Tribe of Oklahoma.

The National Capital I Inc and A Piece of the Action LLC face a hearing within 30 days on securities fraud and related securities charges. The two companies have raised a total of $1.675 million for the Shawnee tribe's proposed casino in Ohio.

The tribe is eyeing several sites in Ohio but state officials won't negotiate.

Get the Story:
Casino backers face securities charges (The Cleveland Plain-Dealer 11/8)
Casino company may be linked to fraud (The Middletown Journal 11/8)
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