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  • m858 m858 Feb 23, 2005 12:43 AM Flag

    presTeamsters Union Local 25 pled guilt

    Its OK Brian, they only take a wee bit and I think its for the poor. Also other than this I'm sure they are trust worthy with your pension money. You know, like before.
    ----------------
    Office of Inspector General U.S. Department of Labor Fiscal Year 2005


    http://www.oig.dol.gov/public/testimony/20040226.pdf

    Office of Inspector General U.S. Department of Labor Fiscal Year 2005 Budget Request Statement for the Record ..............

    The president of Teamsters Union Local 25 who was also a health plan and pension fund trustee pled guilty to Hobbs Act extortion, violating the Taft-Hartley Act, conspiracy to steal and embezzle from an employee benefit program, filing false documents under the Employee Retirement Income Security Act, and committing mail fraud. A former investment advisor for Indiana-based Local 1969 of the ILA Pension Fund was sentenced to 18 months� incarceration and was ordered to pay more than $2 million in restitution. He converted more than $500,000 of pension fund monies for his own use through real estate investments and laundered converted pension funds. A former state director of the United Public Workers Union was sentenced to five years�imprisonment and was ordered to pay $428,000 after defrauding union dental and health benefit programs. He was also found guilty of embezzling union assets and receiving kickbacks in connection with a union benefit plan. Three Michigan contracting companies pled guilty to making a prohibited payment to a unionofficial. They improperly delivered nearly $116,000 worth of building materials, for which theywere not reimbursed

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    • Year 2005
      president of Teamsters Local 25 ...pled guilty ...steal and embezzle from an employee benefit
      ----------------
      they only take a wee bit and I think its for the poor. Also , I'm sure they are trust worthy with your pension money. You know, like before.
      ----------------
      Office of Inspector General U.S. Department of Labor Fiscal Year 2005

      http://www.oig.dol.gov/public/testimony/20040226.pdf

      Office of Inspector General U.S. Department of Labor Fiscal Year 2005 Budget Request Statement for the Record ..............

      The president of Teamsters Union Local 25 who was also a health plan and pension fund trustee pled guilty to Hobbs Act extortion, violating the Taft-Hartley Act, conspiracy to steal and embezzle from an employee benefit program, filing false documents under the Employee Retirement Income Security Act, and committing mail fraud. A former investment advisor for Indiana-based Local 1969 of the ILA Pension Fund was sentenced to 18 months� incarceration and was ordered to pay more than $2 million in restitution. He converted more than $500,000 of pension fund monies for his own use through real estate investments and laundered converted pension funds. A former state director of the United Public Workers Union was sentenced to five years�imprisonment and was ordered to pay $428,000 after defrauding union dental and health benefit programs. He was also found guilty of embezzling union assets and receiving kickbacks in connection with a union benefit plan. Three Michigan contracting companies pled guilty to making a prohibited payment to a unionofficial. They improperly delivered nearly $116,000 worth of building materials, for which theywere not reimbursed

 
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