January 30, 2017
California-based CashCall used a purported tribal affiliation of Western Sky Financial to make loans in Virginia supposedly subject only to laws and jurisdiction of Native American tribes. But Virginia Attorney General Mark Herring revealed that affiliation to be a fraud.
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Victims of Tribe-For-Rent Scam to Get $15 Million Payout in Settlement Agreement
15,000 Virginia victims get $6 million worth of predatory loans absolved, $9 million in cash awards.
The commercial features images of teepees and a tribal drumbeat. The company billed itself as having ties to the Cheyenne River Sioux Tribe in South Dakota. But Virginia Attorney General Mark Herring says that was nothing more than a fraud, a scheme he calls rent-a-tribe.
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