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FOR IMMEDIATE RELEASE
August 15, 2008
Indiana Supreme Court Agrees to Review Attorney General Steve Carter’s Lawsuit Against Second Century, Inc.
Carter Seeks Court Ordered Accounting of $16 Million in Casino Revenues
(INDIANAPOLIS, IN) – The Indiana Supreme Court has agreed to hear Attorney General Steve Carter’s lawsuit against Second Century, Inc. (Second Century), a private business that has received more than $16 million from East Chicago riverboat casino revenues, yet has never provided an accounting to the citizens of East Chicago. The Court granted Carter’s Petition to Transfer today.
“The public deserves to know what happened to this money,” Carter said. “There is little evidence that these funds, intended for economic development, have not been wasted.”
In March, 2007, the attorney general filed for a public accounting of funds disbursed to Second Century from the state-licensed East Chicago riverboat (Attorney General’s Counterclaim and Crossclaim for Imposition of Constructive Trust for Public Benefit and Accounting). The Indiana Court of Appeals affirmed the Marion Circuit Court’s dismissal of the case, allowing Second Century the ability to continue to shield its financial records from the public.
In the Petition to the Indiana Supreme Court, Carter stated:
“The Court should grant transfer in this case to update Indiana law concerning constructive trusts, and in particular to decide whether a constructive trust is warranted to remedy the injustice of a deal siphoning millions of dollars of casino gambling revenue to associates of a public official.”
Assisting the Attorney General is Indiana University School of Law professor Patrick L. Baude (Bow-d), a constitutional law expert.
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