06.04.2017 Views

Political Illusions of the Cajun Mafia

This book examines “robust” political corruption in Calcasieu Parish, Louisiana. The book scrutinizes the transparency, schemes and co-conspirators involved in political corruption. It discusses how top elected officials use their power and public resources funded by local sales and property taxes to improperly target, retaliate and even maliciously prosecute the most ridiculous matters to further their personal agenda. The book examines in detail the types of public infringements involving corruption as well as the vast network of political connections to other various public schemes. The book is further evidence that political corruption in Louisiana is not only profound but more like organized crime controlled by mob bosses. Louisiana no longer will turn a “blind eye” and now demands zero tolerance for corruption and nepotism of elected officials.

This book examines “robust” political corruption in Calcasieu Parish, Louisiana. The book scrutinizes the transparency, schemes and co-conspirators involved in political corruption. It discusses how top elected officials use their power and public resources funded by local sales and property taxes to improperly target, retaliate and even maliciously prosecute the most ridiculous matters to further their personal agenda.

The book examines in detail the types of public infringements involving corruption as well as the vast network of political connections to other various public schemes. The book is further evidence that political corruption in Louisiana is not only profound but more like organized crime controlled by mob bosses.

Louisiana no longer will turn a “blind eye” and now demands zero tolerance for corruption and nepotism of elected officials.

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5'19/2015<br />

Pinnacle in discussions about selling real estate assets - KPLC 7 News, Lake Charles, Louisiana<br />

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Pinnacle in discussions about<br />

selling real estate assets<br />

Posted: May 04, 201511:37 AM CDT<br />

Updated: May 04, 2015 12:52 PM CDT<br />

By Theresa Schmidt CONNECT<br />

Pinnacle Entertainment confirms it's in discussions with Gaming and Leisure Properties,<br />

Inc. regarding a potential acquisition <strong>of</strong> Pinnacle's real estate assets.<br />

Pinnacle would <strong>the</strong>n lease <strong>the</strong> land from Gaming and Leisure, a real estate investment<br />

trust that specializes in casino properties. However, in Lake Charles, L'Auberge is located<br />

on property owned by <strong>the</strong> Port <strong>of</strong> Lake Charles, so it would likely not impact Lake Charles.<br />

A spokesman says Pinnacle's board and management team are committed to maximizing<br />

value for <strong>the</strong> benefit <strong>of</strong> Pinnacle shareholders.<br />

A news release says <strong>the</strong>re can be no assurance that a transaction will result from <strong>the</strong>se<br />

discussions-- and that Pinnacle does not intend to make any additional comments<br />

regarding this matter until <strong>the</strong>re is something definitive to report.<br />

Pinnacle owns four properties in Louisiana including L'Auberge Casinos in Lake Charles<br />

and Baton Rouge.<br />

We contacted local financial adviser Reed Mendelson, for reaction. He says, while he<br />

doesn't know anything about <strong>the</strong> transaction, it is not uncommon for companies with<br />

large real estate holdings, like major national realtors and hotel companies, to sell and<br />

lease back under long term leases, <strong>the</strong>ir real estate holdings in order to recoup <strong>the</strong>ir<br />

capital investment for o<strong>the</strong>r uses.<br />

Copyright 2015 KPLC All rights reserved<br />

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http://www.kplctv.com/story/28971052/pinnacle-in-discussions-about-selling-real-estate-assets<br />

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