Wednesday, January 27, 2010
"Benefits Administrator for NYC 'Sandhogs' Laborers Local Charged with $42 Million Ripoff"
This is pretty ugly...
Carl Horowitz reports at NLPC.org:
"King, until recently the longtime benefits administrator for Local 147 of the Laborers International Union of North America (LIUNA) in New York, was charged on December 1 in Manhattan federal court with arguably the largest embezzlement scheme in the history of American labor. Prosecutors are saying that for about six years she stole a staggering $42 million from three union benefit funds, diverting the money to bank accounts that she controlled. Her lawyers claim she is innocent. Now out on $10 million bail, she's going to have a tough time convincing a jury of that."
