You are here: Home / News / Wells Fargo sues California tribe in dispute over $250M loan

Wells Fargo sues California tribe in dispute over $250M loan

July 21, 2019

FRESNO, Calif. (AP) — Wells Fargo is suing California’s Picayune Rancheria of Chukchansi Indians over a $250 million loan that the bank says the casino-owning tribe is avoiding paying back.

The Fresno Bee reported Saturday that the 2012 loan was issued to refinance debt from the Chuckchansi Gold Casino and Resort. It came with several requirements that the suit filed in New York last week alleges are not being met.

Chukchansi representatives did not immediately return calls from the newspaper seeking comment.

Complete article: Wells Fargo sues California tribe in dispute over $250M loan