Elk Valley Rancheria files claim against former gaming partner

Tuesday, July 26, 2011  

The Elk Valley Rancheria of California is seeking $1 million in bankruptcy court from a former gaming partner.

The tribe invested money in a Las Vegas casino. But the deal fell through and developer R. Shawn Ellis declared bankruptcy.

“Ellis has a pattern and practice of obtaining funds for one entity, co-mingling the funds obtained with other entities, making inter-company loans, transferring assets from one entity to another, paying himself an exorbitant salary and then creating new entities without regard to his debts and obligations,” the complaint states, Vegas Inc reported.

The Elk Valley Rancheria says Ellis lured two other tribes into investing in the casino and tried to get several other big gaming tribes into the deal.

Get the Story:
(Indian Country Today 7/26)
Tribe files new complaint against LV casino figure (Vegas Inc 7/24)

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Elk Valley Rancheria warns investors about former partner (6/6)
Elk Valley Rancheria seeks money from ex-casino partner (6/1)
Gaming firm that owes Elk Valley Rancheria declares bankruptcy (12/3)