The Seminole Tribe of Florida has reached a settlement with former chief Jim Billie.

The tribe will pay Billie $600,000 to settle a lawsuit that accused him of mismanaging a $60 million investment account. The settlement amount is based on the time he was suspended from the job before he was ousted as chief.

In return, Billie will apologize for his handling of the account and of tribal matters. He has agreed to stop criticizing the tribe in public.

As part of the settlement, Billie and his former non-Indian aide Tim Cox agreed that they owe the tribe $1 million. But the tribe has agreed not to try to collect the money.

Get the Story:
Seminole Tribe settles legal feud with ousted leader (AP 3/17)
Seminoles, ex-chairman Billie agree to end legal battles (The South Florida Sun-Sentinel 3/18)
pwday

Relevant Links:
Seminole Tribe - http://www.seminoletribe.com

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