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WEDNESDAY, NOVEMBER 13, 2002

The Seminole Tribe of Florida has sued Prudential Securities alleging a breach of trust over millions of dollars of lost tribal funds.

The dispute reaches back to the tenure of ousted chairman Jim Billie. The tribe claims his associates orchestrated the transfer of $12.28 million to Prudential without authorization.

When the tribe discovered the transfer, it ordered Prudential to sell off its stock investments and return the profits. The tribe says only $6.37 million was returned.

Get the Story:
Seminole Tribe sues Prudential over funds (The St. Petersburg Times 11/13)

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

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