For those who weren't there at the meeting. While on the topic of the children's trust funds, there was way too much interest shown. "You can't just let all that money(children's trust funds) sit there." Eyes lit up and they were practically giddy of the possibility of embezzling from the children's trust funds. I think non-Meskwaki people have caught on how easy it is to screw over the Tribe. The tribal council wants to get rid of the Tribe's money and people are oh so eager to take it. The children's trust fund should be monitered more closely because I believe fraud has been committed.
Which tribal council revoked several children's trust funds and divvied up the money among themselves? Low.
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I know for fact that the tribe (or our children) are being taken with the company that holds the accounts. My young adult took all the monies out and reinvested. The bank that the money is with now only charges 1% the ones that the tribe has the money in charges 4-6%!! I also really think the parents should have some say as to when and where the money can be given. 18 is too young!! They don't understand things at that age!!
ReplyDeleteJust one note, momof4, It is the parent's responsibility to train-educate their children in preparation of receiving money. To change the tribal "pay-out" policy to an older age would be punishing the young individuals who ARE ready to recieve their money. I have heard the same concern from others. I think that because of this "concern", it might spur parents or other responsible relatives to school that child on the issues of money. Conversely, i feel bad for those who blow their cash in a matter of months. BUT, i have seen many parents/relatives "dipping" into that same cash..that is "blown" by these youngsters.
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