Tribal Lending Biz’s RICO claims are exaggerated, Fintech says

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By Elise Hansen (June 28, 2022, 6:36 PM EDT) – A company of the Chippewa Indians of the Lac Courte Oreilles Band of Lake Superior is trying to escalate a dispute with a fintech partner into a RICO claim when it’s actually not than a “garden variety”. contract dispute, the fintech said in federal court in Wisconsin on Tuesday.

Cane Bay Partners VI LLLP argued that the federally recognized tribe’s company, Lac Courte Oreilles Financial Services LLC, had “buyers’ remorse” because its deals with Cane Bay had not proved as lucrative as she had hoped. But the company is trying to turn a relatively straightforward complaint into a conspiracy, Cane Bay said.

“This is a simple contractual dispute and…

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