Wednesday, May 7, 2008

Former Mashantucket Pequot Official Charged with Fraud

It’s a rough day for the tribes in Connecticut.

Newsday reports that federal agents arrested a former executive for the Mashantucket Pequot Tribe, which owns the Foxwoods Resort Casino. Christopher Pearson was charged with wire fraud for alleged bilking investors out or more than $500,000. Pearson is a former deputy chief operating officer for the Mashantucket Pequot Tribal Nation.

Then the Pocono Record writes that Pennsylvania gaming regulators have discovered that the Mohegan Sun has a relationship with a corrupt developer in Wisconsin. In that past the gaming board has suspended the license of those accused of hiding connections with reputed underworld figures. No such action has been taken against Mohegan yet, but the company did cut its ties to the developer. Mohegan Sun, operates Pocono Downs racetrack and four off-track wagering sites, in Pennsylvania, as well as the Mohegan Sun Casino in Connecticut.

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