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Union fund chiefs probed in stock deal
Washington Times ^ | Wednesday, October 29, 2003 | By James G. Lakely

Posted on 10/28/2003 10:07:56 PM PST by JohnHuang2

Edited on 07/12/2004 4:09:50 PM PDT by Jim Robinson. [history]

The House Education and the Workforce Committee has determined that executives of Ullico, a union-owned insurance company and pension fund, "may well have violated federal labor and pension laws" when they set up "sweetheart" stock deals for themselves.

The committee yesterday sent its final report on what Republicans call "Big Labor's Enron" to the Department of Labor, which is conducting its own investigation into the illegal stock-selling scheme in which Ullico executives

(Excerpt) Read more at washtimes.com ...


TOPICS: Crime/Corruption; Front Page News; News/Current Events
KEYWORDS: ullico; unioncorruption; unions
Wednesday, October 29, 2003

Quote of the Day by pickyourpoison

1 posted on 10/28/2003 10:07:57 PM PST by JohnHuang2
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To: JohnHuang2
Union Thug Bosses might be crooks?? is that the story?? thats a duh alert... =o)
2 posted on 10/28/2003 10:09:49 PM PST by GeronL (Visit www.geocities.com/geronl)
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To: JohnHuang2
What the---? No, I thought it was only the bad, nasty CORPORATE scum who were all criminals.

I'm confused. I thought union officials were the GOOD guys?!?

< /sarcasm>
3 posted on 10/28/2003 10:10:51 PM PST by Choose Ye This Day (Markets go up, markets go down. The country goes on. -- Ronaldus Maximus)
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