Debts, Loans & Salaries

According to Exhibit D, ‘Promissory Note,’ of Wisconsin Economic Development Corporation Contract #SEP FY10-20265, Oneida Energy, Inc. – a subsidiary of Oneida Seven Generations Corporation – was to commence repayment of a $2,000,000 loan beginning May 1, 2012 in the amount of $34,998/month on the principal and $3,334/month in interest for a total monthly expense of $38,332.

Is it possible that those payments are not being made by Oneida Energy but instead being paid from the Oneida Tribe of Wisconsin’s General Fund as is the case with $750,000 that the Oneida Business Committee made available to OSGC to pay for the services of law firm Godfrey & Kahn for OSGC’s failed lawsuit against the City of Green Bay and their current attempt at an appeal?

Before ‘loaning’ OSGC $750,000 for legal fees, did OBC consider suggesting salary reductions to cover the costs? We know from a ‘Corporate Certificate’ in SEP FY10-20265 that, as of November 16, 2011, the following OSGC officers and Board members held these positions with Oneida Energy:

  • Atty. William Cornelius – President & Chairman
  • Michael Metoxen – Secretary
  • Kevin Cornelius – CEO
  • Nathaniel King – Director

What we don’t know are the specific salaries of these Oneida Energy officers because Exhibit F of SEP FY10-20265 verifies that:

The public does not have access to information about the compensation of the senior executives through periodic reports filed under section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a), 78o(d)) or section 6104 of the Internal Revenue Code of 1986.

This suggests that the officers/executives listed above receive salaries from both OSGC and Oneida Energy. Do they also receive salaries from Green Bay Renewable Energy, LLC; IEP Development, LLC; Oneida-Kodiak Construction, LLC; Glory, LLC; O-Hare, LLC; Oneida Generations, LLC; or any of the other enterprises associated with OSGC?

Shouldn’t OSGC’s shareholder – General Tribal Council – be informed as to what OSGC and Oneida Energy officers/executives are being paid and what salaries they may be receiving from related enterprises, as well as any outstanding debts that OSGC & affiliates may owe the Oneida Tribe?

Apparently GTC will have to demand to know the answers, because OBC & OSGC seem to think they have a reason to not tell us.

 


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Abdul Latif Mahjoob / ACTI / AREC / AREI / ARTI ACF Leasing ACF Services Alliance Construction & Design / Alliance GC (Global Conservation) American Combustion Technologies Inc. (ACTI) / American Combustion Technologies of California Inc. (ACTI) / American Renewable Energy Inc. (AREI) / American Renewable Technologies Inc. (ARTI) Artley Skenandore Jr. / Swakweko LLC Atty. William Cornelius Bruce King City of Green Bay Fmr. OBC Chair Cristina Danforth / Tina Danforth Fmr. OBC Chair Ed Delgado Fmr. OBC Sec. Patty Hoeft Fmr. OBC Vice-Chair Greg Matson Fmr. OBC Vice-Chair Melinda Danforth General Tribal Council / GTC Generation Clean Fuels Godfrey & Kahn Green Bay Renewable Energy LLC / GBRE Green Box NA Green Bay LLC Incinerators / Gasification / Pyrolysis / Plastics-to-Oil / Waste-to-Energy Jacqueline Zalim / Jackie Zalim Kelly Van Den Heuvel / Kelly Yessman Kevin Cornelius Mike Metoxen Mission Support Services Nevada LLC / Mission Support Services LLC Nathan King Nature's Way Tissue Corp. OBC Chief Counsel Jo Anne House OBC Vice-Chair Brandon Lee Stevens / Brandon Yellowbird Stevens Oneida Business Committee / OBC Oneida Energy Blocker Corp. Oneida Energy Inc. Oneida ESC Group LLC / OESC Oneida Nation of Wisconsin / Oneida Tribe of Indians of Wisconsin / Indian Country / Thornberry Creek LPGA Classic Oneida Seven Generations Corporation / OSGC Oneida Total Integrated Enterprises / OTIE OPD Lt. Lisa Drew-Skenandore Owen Somers / Oneida Internal Security Director Paul Linzmeyer Pete King III / King Solutions LLC Ron Van Den Heuvel Sustainment & Restoration Services LLC Todd Van Den Heuvel Tsyosha?aht Cathy Delgado Wisconsin Economic Development Corporation / WEDC

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