Dr. Phil's son cashes in on 700 percent interest rate loans from enterprises linked to Minto

“The Minto tribe’s business entities have been sued in federal court by consumers at least 17 times. The tribe has argued that arbitration agreements signed by borrowers, as well as tribal sovereign immunity, protect the businesses from lawsuits. In at least one suit, it expressly denied the characterization of Minto Money as a “rent-a-tribe” operation,” the ADN and ProPublica said.

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Republicans force state to take funds from AIDEA, scholarship fund, to cover deficit created by faulty oil guess a year ago

The Republican refusal to vote to cover the current year deficit from the Constitutional Budget Reserve prompted an alternative—the withdrawal of up to $100 million from the surplus funds of the Alaska Industrial Development & Export Authority. The rest of the deficit, perhaps another $100 million, would be made up by taking money from the higher education investment fund used for scholarships.

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