Wisconsin Economic Development Corporation Tells Oneida Seven Generations Corporation: Pay $162k Now Or Face $2Million Default

September 12, 2014

FINAL NOTICE

Kevin Cornelius
Oneida Seven Generations Corp.
P.O. Box 257
Oneida, WI 54155

Re: Contract FY10-20265 (Loan #1109)

Dear Kevin Cornelius:

The Wisconsin Economic Development Corporation has alerted you to the seriousness of your late payments due under contract FY10-20265. Copies of previous correspondence relating to this matter were sent to you on 7/17/2014 and 8/15/2014 and are enclosed.

Your failure to make payment as required by the contract referenced above constitutes a default. As a result, WEDC has the right to demand payment from you of the entire balance of the contract: $1,997,937.62.

To avoid this action, we ask you to pay $161,654.00 to WEDC immediately.

Failure to make the required payment could result in legal action against you and any guarantor of the balance you owe WEDC. In such an event, you will be responsible for any costs, including attorneys’ fees, for enforcing the contract. …

This notice is the final opportunity that WEDC intends to give you to honor your payment commitments.

Isn’t the Oneida Tribe of Indians of Wisconsin paying Gene Keluche / Sagestone Mgmt. a lot of money to pay OSGC’s bills on time?

As Oneida Eye reported, between December 2013 (when Gene Keluche was named ‘Agent’ for OSGC by the Business Committee) and March 2014, Sagestone Mgmt. received around $144,000 from the Oneida Tribe. Maybe the BC should have used that money to pay OSGC’s bills to WEDC, and to Tribal Divisions to which OSGC is in debt.

Did OSGC employee Becky Demmith drop the ball, and will she claim that WEDC double-billed OSGC, or that WEDC sent bills to the wrong P.O. Box address?

At the March 26, 2014 BC Regular Meeting Tina Danforth (finally) made her opinion known about OSGC’s continuously inadequate reports (as compiled by Becky Demmith) which fail to provide sufficient information about OSGC to the BC.

WEDC’s ‘Final Notice’ was sent to Kevin Cornelius at OSGC, but is Kevin Cornelius still employed by OSGC? If not, you’d think Becky Demmith would have let WEDC know that by now.

WEDC’s $2 million loan contract is with Oneida Energy, Inc., and OSGC is the guarantor for the loan. WDFI.org still lists Kevin Cornelius as being the Registered Agent for Oneida Energy, Inc. (What’s Kevin’s salary/salaries?)

If the Oneida Tribe is required to repay OSGC’s $2 million debt, whose wages, hours, benefits, or jobs will be cut to cover that cost?

Which Business Committee member is now the Liaison to OSGC? Maybe that person should sit down and have a talk with Gene Keluche, Becky Demmith, and Kevin Cornelius.

Or maybe OSGC’s jig is up.
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