Archive for August 2nd, 2011

Final approval for the class action Indian land trust lawsuit 15 years in the making came with a warning from the Securities and Exchange Commission last week as claimants and plaintiffs were asked to be on the look out for scammers.

Matt Volz of the Associated Press reported that the SEC is recommending people be on the look out for crooks trying to capitalize on payouts.

    The SEC issued an alert Friday to warn those plaintiffs to watch out for investment scams. Affinity fraud – scams that target particular ethnic or religious groups – usually involves somebody pretending to be part of that ethnic group, or enlists somebody from the ethnic group to help dupe the victim, according to the SEC.

    “Anytime there’s a lump-sum payout to a particular group, that can be a fairly attractive target for fraudsters,” said Owen Donley, chief counsel in the SEC’s Office of Investor Education and Advocacy.

The first settlement checks from the $3.4 billion settlement are set to go out after Sept. 26, Volz reported.

The Cobell v. Salazar class action website has all the information for possible plaintiffs, along with the full text of the final approval and the links to file a claim.

    Paper claim forms must be postmarked no later than September 16, 2011, and online claims must be submitted no later than midnight (PDT) on September 16, 2011.

Jenna Cederberg

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Mark Trahant

Mark Trahant is a writer, speaker and Twitter poet. He is a member of the Shoshone-Bannock Tribes and lives in Fort Hall, Idaho. Trahant’s recent book, “The Last Great Battle of the Indian Wars,” is the story of Sen. Henry Jackson and Forrest Gerard.

There’s nothing like deadline to produce a deal: The president and congressional leaders reached an agreement over the weekend to increase the nation’s debt limit, cut federal spending, and create a powerful committee charged with finding even more budget cuts.

The Era of Government Contraction will likely be set in law. Except for one thing. The fight about the role of government in American society is not over.

Here is how President Barack Obama on Sunday night described the bipartisan deal designed to limit the nation’s debt and avoid default: “The first part of this agreement will cut about $1 trillion in spending over the next 10 years – cuts that both parties had agreed to early on in this process.

The result would be the lowest level of annual domestic spending since Dwight Eisenhower was president – but at a level that still allows us to make job-creating investments in things like education and research. We also made sure that these cuts wouldn’t happen so abruptly that they’d be a drag on a fragile economy.”

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