Monday, May 3, 2010

Picayune Rancheria (Chukchansi) Uses Funds Stolen from 500 Disenrolled Members to Fund Businesses

The Picayune Rancheria of Coarsegold CA is responsible for the single largest termination of Native American tribal members this CENTURY. Pechanga is in second place so far.

The Picayune Rancheria of the Chukchansi Indian tribe has begun buying businesses and investing in companies, creating a much-needed source of capital in the central San Joaquin Valley.

The people who manage the tribe's fund, Mighty Oak Capital, vow to keep many of its investments local -- and they may have to if they want to access special advantages like tax exemptions that are tied to its Coarsegold reservation.

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