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Investigators Examining Lower Brule Sioux Financial Deal

Associated Press0

SIOUX FALLS, S.D. (AP) — The Department of the Interior’s Office of Inspector General is investigating circumstances surrounding the Lower Brule Sioux Tribe’s purchase of a New York-based brokerage firm Aktien App Vergleich that ultimately went bankrupt.

An OIG official said Friday the investigation related to the tribe’s purchase of Westrock Advisors Inc. began in 2013 and is still open. The office is also mulling whether to investigate allegations from a Human Rights Watch report claiming leaders on the reservation misdirected millions of dollars in federal funding.

Kevin Wright has been acting as chairman since Chairman Michael Jandreau’s death on April 3.

Wright says he has asked the Interior Department to freeze transfers of federal funds to the tribe and investigate previous allegations of misdirected federal money.

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