"Luckys Casino"
| In our fact finding mission in our search for the truth on how each members money is being spent for the good of our community we found ; Cheques to all Lawyers from here and to nine of the tweleve councillors which monies and profits were intended for the poor and social programs. We would like to remind everyone of the dire social conditions here and 3 suicides and countless attempts in 05-06. We are now in a 170% Deficit Ratio and rising! |
Copyright 2007 NEWTFN.com
" The casino financed extravagant trips, automobiles, large payments to non-members, new homes, fines
imposed by provincial courts, political contributions and "extreme home - make overs" for the highly connected few.
We have also observed individuals protesting, signing affidavits, slandering us, attempting major harm to us.
These were the very people who unfairly received large amounts from the poor and social programs which the
monies were intended for."The People JULY 8/05
imposed by provincial courts, political contributions and "extreme home - make overs" for the highly connected few.
We have also observed individuals protesting, signing affidavits, slandering us, attempting major harm to us.
These were the very people who unfairly received large amounts from the poor and social programs which the
monies were intended for."The People JULY 8/05
| Thursday, November 15, 2007 "Yet chief Gerald Bear, of the Tobique First Nation, says his community could not function without it. He says the facility invests up to $750,000 a year in the community." "It has been a godsend for our community." MORE So why are we in Third Party with a 175% Deficit Ratio & rising??? MORE! REALITY CHECK! ELDERS CLOSE CASINO 2000 and PC GILLES BERNIER 1999 |
Back in 1996 Robert Bragdon, Mark Perley, Paul Pyres, Ruth Francis, Norval Sappier, Kevin Bear, Tanya Wilkens
and David Paul were acquitted for gambling charges. This resulted in substantial court
costs paid by the band. It seems that Gerald Bear delayed large payments to the solicitors who were adamantly
requesting payments. At the same time they were given a blueprint to establish & manage a legal casino which
never was followed to this day.
The casino was the brainchild of the previous administration and not this one as people were led to believe. In April
of 97 a management agreement was signed with Calumet. The casino was started before any approval from the
government. On June 27 of the same year a promissory note for $1.18 Mil was signed again by Mr. Bernard and
witnessed by (guess who?) Stewart C Paul. On Dec. 17, 1997, a Loan Agreement was signed between the
Maliseet Nation @ Tobique and Calumet International Inc. Of S. Dakota by Edwin Bernard . The loan agreement
allowed the First Nation to borrow up to $14 Mil. with an interest rate at high New York Prime plus 2%
Distributed as follows;
It included a note referring to the following: if the band is not operating a gaming facility, with the required
governmental approval, the lender has option to make loan payable with notice.
The conditions of lending were as follows;
The province has never declared Tobiques proposal a legal operation.
The contractor was none other than W. Andrew Lemesurier (now a Liberal appointed Judge) of St. John N.B. who
owned KCC Contractor Inc. There were four people involved in the inception of this casino and three have been
councilors with no education from the start. These people also took many extravagant trips along with their families
at that time. And we were also paying a gaming commission very large amounts of money sometimes weekly.
Gerald Bear was one and would receive large sums of money weekly with no accountability. On Oct 7 they received
a letter stating that the province declined their proposal for a gaming licence and again on the 15th. Gerald Bear still
requests large sums of money with the gaming commission and receiving very large sums. On Dec 17 as stated
above the loan agreement was signed without any consultations with the community. In Feb of 98 two unidentified
council members questions the validity of the BCR's signed. And that they are being signed out of council. (truck
stop BCR's). March 10/98 Edward Perley informs a trustee that the project for the First Nation is near completion
with the Provincial government and they advance another $75K US. In sept another promissory note was signed by
Mr. Bernard for $4.65 Mil.
In June 99 a letter from a US law firm was sent to the band as a notice for non payment of the promissory note and
requests info on accounting record for the enterprise, annual audit report and a report of the status of the Peace
Hills Trust loan. In Jan of 2000 a letter to Kevin Bear with copies related to the advances made in the last 2 years.
Throughout all of this the BCR's were very questionable to say the least. And the interest on these loans would
choke a dead horse.
In the first two years of operation of the Maliseet Farms reported a net loss of over $500,000 in 97 and over
$700,000 in 98 for a total of $1,247,486. And they do not take into consideration other major losses. A considerable
deficit for a farming industry venture. Large salaries and benefits contributed considerably to the deficit. Salaries
were larger than the net gross. Tobique took the brunt of these high salaries even back then. A large portion of
expeditures were incurred before the financing was secure. over a 3 year period the total investments from 5
lenders was aprox. $1.8 Mil. Since no financing was received, Tobique could not come up with more funding so the
operation shut its doors in 98. It is normal business sense to secure financing before undertaking a venture.
Lack of proper financial controls lead to it's failure. Also, there were no financial controls by the management of
Maliseet Farms Ltd. Both farmers that leased to Tobique put a lien on the assets to satisfy the liabilities owing
them. Also as a result were the liquidation sales which both farmers enjoyed. Again, even though a proper
business plan was on the table there was no proof of sticking to the plan. Again, Stewart C Paul was the lawyer,
when asked for supporting documentation he refused stating that he did not get paid for his services.
In the fall of 1989 Stewart C. Paul becomes chief and in the same year TEDCO was incorporated.
Fast forward to now and they blame everyone else for going into third party
and David Paul were acquitted for gambling charges. This resulted in substantial court
costs paid by the band. It seems that Gerald Bear delayed large payments to the solicitors who were adamantly
requesting payments. At the same time they were given a blueprint to establish & manage a legal casino which
never was followed to this day.
The casino was the brainchild of the previous administration and not this one as people were led to believe. In April
of 97 a management agreement was signed with Calumet. The casino was started before any approval from the
government. On June 27 of the same year a promissory note for $1.18 Mil was signed again by Mr. Bernard and
witnessed by (guess who?) Stewart C Paul. On Dec. 17, 1997, a Loan Agreement was signed between the
Maliseet Nation @ Tobique and Calumet International Inc. Of S. Dakota by Edwin Bernard . The loan agreement
allowed the First Nation to borrow up to $14 Mil. with an interest rate at high New York Prime plus 2%
Distributed as follows;
- Lodge - $2.5 Mil
Bingo - $11 Mil
Working Capitol - $1 Mil
It included a note referring to the following: if the band is not operating a gaming facility, with the required
governmental approval, the lender has option to make loan payable with notice.
The conditions of lending were as follows;
- Compliance with law.
Issuance of gaming license
Loan Documents
Budget
The province has never declared Tobiques proposal a legal operation.
The contractor was none other than W. Andrew Lemesurier (now a Liberal appointed Judge) of St. John N.B. who
owned KCC Contractor Inc. There were four people involved in the inception of this casino and three have been
councilors with no education from the start. These people also took many extravagant trips along with their families
at that time. And we were also paying a gaming commission very large amounts of money sometimes weekly.
Gerald Bear was one and would receive large sums of money weekly with no accountability. On Oct 7 they received
a letter stating that the province declined their proposal for a gaming licence and again on the 15th. Gerald Bear still
requests large sums of money with the gaming commission and receiving very large sums. On Dec 17 as stated
above the loan agreement was signed without any consultations with the community. In Feb of 98 two unidentified
council members questions the validity of the BCR's signed. And that they are being signed out of council. (truck
stop BCR's). March 10/98 Edward Perley informs a trustee that the project for the First Nation is near completion
with the Provincial government and they advance another $75K US. In sept another promissory note was signed by
Mr. Bernard for $4.65 Mil.
In June 99 a letter from a US law firm was sent to the band as a notice for non payment of the promissory note and
requests info on accounting record for the enterprise, annual audit report and a report of the status of the Peace
Hills Trust loan. In Jan of 2000 a letter to Kevin Bear with copies related to the advances made in the last 2 years.
Throughout all of this the BCR's were very questionable to say the least. And the interest on these loans would
choke a dead horse.
In the first two years of operation of the Maliseet Farms reported a net loss of over $500,000 in 97 and over
$700,000 in 98 for a total of $1,247,486. And they do not take into consideration other major losses. A considerable
deficit for a farming industry venture. Large salaries and benefits contributed considerably to the deficit. Salaries
were larger than the net gross. Tobique took the brunt of these high salaries even back then. A large portion of
expeditures were incurred before the financing was secure. over a 3 year period the total investments from 5
lenders was aprox. $1.8 Mil. Since no financing was received, Tobique could not come up with more funding so the
operation shut its doors in 98. It is normal business sense to secure financing before undertaking a venture.
Lack of proper financial controls lead to it's failure. Also, there were no financial controls by the management of
Maliseet Farms Ltd. Both farmers that leased to Tobique put a lien on the assets to satisfy the liabilities owing
them. Also as a result were the liquidation sales which both farmers enjoyed. Again, even though a proper
business plan was on the table there was no proof of sticking to the plan. Again, Stewart C Paul was the lawyer,
when asked for supporting documentation he refused stating that he did not get paid for his services.
In the fall of 1989 Stewart C. Paul becomes chief and in the same year TEDCO was incorporated.
Fast forward to now and they blame everyone else for going into third party
| Read First |
| Keep in mind these are a very small amount of cheques! |
MISREPRESENTATION!
PIGGY BANK!
Aboriginal
Casinos:
Who’s
Cashing In?
Casinos:
Who’s
Cashing In?