Choctaws’ outside auditor quits, won’t say why
Published: August 15,2011
CHOCTAW — Price Waterhouse Coopers has quit as outside auditor for the casinos run by the Mississippi Band of Choctaw Indians.
The Clarion Ledger reported that the firm would not say why, citing policy on client matters.
The firm’s decision came at the same time FBI agents subpoenaed records from Beasley Denson, the tribe’s chief, who has been kicking off his re-election campaign in various Choctaw communities. His office would not comment to the newspaper.
In July, Moody’s Investors Service downgraded $200 million in securities borrowed by the Choctaw Resort Development Enterprise to junk bond status. That came two days after an FBI raid at the Pearl River Resort near Philadelphia during which agents seized hard drives and computers.
FBI agents took both hard drives and documents from the casinos on July 12. Denson, chief of the tribe, told The Clarion-Ledger earlier that FBI warrants named Atlanta-based Mercury Gaming Group and its marketing arm, the Titan Agency.
Mercury manages the Pearl River Resort along with the Choctaws’ Bok Homa casino in Jones County.
The FBI has declined comment.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Spivey named Under 40 Business Person of the Year by the Mississippi Business Journal
- Bids on reworking Interstate 55 stretch are rejected
- JACK WEATHERLY: Economic development in these parts is a ‘family’ business
- Two new casinos like the odds on Mississippi Gulf Coast
- The leadership styles of President Obama
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- JACK WEATHERLY: Finding a house, defending a neighborhood, finding a voice
- Report ranks state schools' performance 51st in the nation
- Nehi Bottling Company has been a Cleveland fixture for 85 years