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IT IS YOU WHO HOLD THE FUTURE OF SOME MANY HUNDREDS OF THOUSANDS IN YOUR HANDS. AND YOU WILL BE ASKED TO REPEAT THIS PROCESS OVER AND OVER. IT WILL BE YOU WHO WILL PUSH THE FIRST DOMINO KNOWING FOR A FACT THAT AFTER THE FIRST SO MANY WILL FALL WHEN YOU DO AND FOR SUCH A LONG TIME.DID YOU EVER THINK THAT SOMEDAY IT WOULD BE YOU TO DECIDE WHO IS TO OLD .TO SICK. TO YOUNG.WHAT A CROSS TO BEAR AND TO CARRY LEAVING SUCH SUFFERING IN YOUR WAKE.
HOW DID IT COME TO THIS.
YOU ARE BEING FORCED BY A SMALL GROUP OF EVEN SMALLER MEN WHO HAVE CHOSEN TO WALK A PATH WHERE ONLY MONEY,GREED AND POWER COUNT. SMALL MEN WITH SALARIES SO HIGH THE AMOUNTS ARE ASTOUNDING. DOUBLE AND TRIPLE PENSIONS SO LARGE THEY CAN FEED NOT JUST A FEW BUT ENTIRE FAMILIES .WITH UNION MEETINGS IN MULTIPLE HAWAIIAN LOCATIONS THAT THE WORKERS WHOSE LABOR ARE PAYING FOR THESE TRIPS WILL NEVER SEE IN A LIFE TIME. LM2 UNION FINANCIAL STATEMENTS THAT DECLARE ALL "OFFICERS WILL FLY FIRST CLASS AIRFARE" AS THEY CUT DENTAL, EYE WARE AND HEALTH INSURANCE FOR FAMILY'S AND CHILDREN.UNION LM2 FINANCIAL STATEMENTS THAT DECLARE BESIDES THESE ABSURD WAGES YOU WILL ALSO BUY TEAMSTER PRESIDENT JAMES HOFFA JR AND THE TEAMSTER VP A HOUSE EACH YEAR AS YOU ELIMINATE HEALTH CARE COMPLETELY FOR RETIREES.LM2s THAT SHOW LABORERS INTERNATIONAL PRESIDENT TERRY OSULLIVAN TAKING DISGUSTING AMOUNTS FROM HIS OWN UNION AND WITH HIS NAME ON THE ULLICO LM10 for $87,000 IN FEES,GOLF AND ENTERTAINMENT.The ULLICO LM10 THAT IS USUALLY 170-275 PAGES OF PAYOUTS AND KICKBACKS TO UNION OFFICERS..THE FAMOUS DOUG "UNDUE BURDEN ON THE TAXPAYERS" MCCARRON TAKING $545,000 IN WAGES AS HE COLLECTED HIS PENSION WHILE WORKING.DIRTY DOUG FINANCIALLY AND PERSONALLY DESTROYING UNION MEMBERS WHO TOLD HIM NO TO HIS REQUESTS FOR CORRUPTION AS HE WAS DRIVEN AROUND IN A QUARTER MILLION DOLLAR BULLET PROOF CAR WITH A QUARTER MILLION DOLLARS WORTH OF SECURITY PERSONNEL. THIS IS NOT THE PRESIDENT OF THE UNITED STATES BUT SOME PODUNK NUT SACK UNION OFFICER.
Good God .Allowing these cuts will put almost a half million people in poverty. THAT IS MINUS OF COURSE THE UNION(RATS) LEADERS,DIRTY POLITICIANS(RATS) AND BUSINESS OWNERS(RATS) BEHIND THIS ATTACK AND WAR ON GOOD HARDWORKING AMERICANS.
The group behind this is the NCCMP which is made up of Union International leaders directly responsible for the condition of the funds they claim to want Solutions for and not Bail outs for. Of course the theft of 50-60% from a retirees paycheck is "not a bail out". It is their "solution". The solution which includes the Blatant theft from those whom they have already robbed over and over and over.They have mismanaged funds. Violated their fiduciary duty and conspired to attack ERISA law so they could make high risk investments. The NCCMP has been traveling the world with EBSA Ass. Sec. Borzi since 2006 attending AEIP summits with AEIP and Canada's MEBCO. EBSA Asst.Sec Borzi has been presenting these private citizens High Ranking Decision Making Authorities representing the United States. How is this possible?
Brussels, Paris, Boston, Barcelona and sunny Ft. Lauderdale Florida. The entire time conspiring with these entities to attack ERISA law so they could and did make these high risk investments. They have conspired to take the Fiduciary Power and Duty from Fund Trustees and giving it to fund managers such as Hamilton Lane WITH whom they formed partnerships and created Fund of Funds with. This can be examined in A REVEIW of Union fund diversions into ULLICO a company hemorrhaging money for years and a company who in 2013 had its entire ULLICO Casualty Division Liquidated by the State of Delaware because it was so bad they could not even offer it a recovery program. Individual multi employer funds, such as those in the United Brotherhood of Carpenters, that tried to get their money out of ULLICO were each challenged by the Intervention of the General President Douglas McCarron at the request of ULLICO. ULLICO asked him to personally stop them or to give ULICO inside information on these funds so they could get an advantage . He did so. In one case he told a fund a review by the firm of Dunkin and Phelps proclaimed ULLICO Financially sound. He sent a copy of the report which actually said its entire opinion was based on magazine and news articles because ULLICO had failed to provide the company with any documents.IN 2012 ULLICO Separate J was experiencing a mass exodus on investors looking for over $1.3 billio.The Queue as they called it was for $1.3 Billion. This included the Southwest Regional Council of Carpenters who actually took them out of MEPTS New Tower and ULLICO Separate J Funds . What a coincidence that Ronald Scheon the fund administrator and many other fund trustees and employees were fired at this time. Also at this time the training fund was advised it would experience a routine audit ..The DOL advised them they were sending letters to everyone because everyone was going to experiences this routine audit and it would be easier if they were ready. This despite testimony by multiple people that this was a routine audit was tuned into a Investigation targeting the Training fund for fraud by a certain Officer. Multiple International Officers such as Mike Draper and Phil Newkirk sent out letters to members retelling this le. Mike Draper refused to allow the routine audit at both the Trusteeship Hearing and 14 D Trial of a UBC Officer and Declared for the record. "So the training fund is under investigation and it is ongoing". The reply was "NO this was a routine audit and it had not even stared".. These are the types of targeted attacks against fund trustees and Officers who wold not play ball. The real fact is the routine audit scared the Fund Chairman and the Fund attorney who had allowed the Training fund to sign leases with automatic Escalator clauses in them Regardless of the market the Fund agreed it would keep paying higher rates.This was an ERISA violation and the fund adviser and UBC lawyer John Decarlo was liable.Lindquist LLP"During the year ended June 30,2013 the council determined that market rates for certain rental space had declined significantly since 2008. Even though market rental rates had declined the council continued to increase the rent paid by the South West Carpenters Training Fund based on escalator clauses in the lease agreements"
These fund of funds and attack on Trustees Fiduciary power many times involved crushing the finances and reputations of Fund trustees and Officers who refused to play ball. Some funds were seized in phony trusteeships. The legitimacy of Hamilton Lane and these fund of funds were questioned by the DOL in 2003 and since then the EBSA has refused to investigate the actions of Unions and their leaders for these losses. We had an investigation into the Empire Carpenters fund in 2009. It went on for two years and they did nothing. After one year we got notice that the Boston Investigator Richard Nunes was splitting our investigation. He was to keep the Pension investigation and he was giving the Health and Welfare to investigator Amy Fried. Three days later Amy Fried went on 6 month Maternity leave. We heard nothing from her for 8 months. One day we got a letter saying they found nothing wrong and were closing our case.
During the time they were supposed to be investigating our fund lost $165 million to Madoff. The Empire Council was seized in Trusteeship. All fund trustees were fired and accused of corruption and breach of fiduciary duty. The Parent Union seated the International Executive board as fund trustees where they remain to this day. The fund trustees were all sued and accused of a number of things including breach and corruption. They were also all let off the hook and they refuse to this day to tell us what deal they made or if they recovered any money at all including the 2 million each Trustee was bonded for. The Parent Union tried to fire the existing fund lawyers and replace them with DeCalro and Shanley the main UBC law firm. A law firm just removed from a case in Central California District Court by Judge James Selna because of “conflict of interest so egresses he could not let it continue”. He went on to declare “he had to remove them to restore the integrity of his court”. The Parent Union the UBC tried to install these lawyers as the only firm on the funds. The Employer Trustees sued the UBC International to stop it and won.
These are the types of things that are going on and have resulted in huge fund losses. The agency, the EBSA, in place to investigate these things are traveling the world with these people directly responsible for the fund losses and refuses to investigate and is presenting them as High Ranking Decision making authorities representing the US Government. Private citizens presented by Borzi as representing and speaking for the US Government.
Why is it a hearing by The United States House of Representatives Committee on Education and the Workforce Subcommittee on Health, Employment, Labor and Pensions on April 29th was not announced until April 27th.
I want to know who designated these people to speak for American Retirees … and why the Subcommittee on Health, Employment, Labor and Pensions is holding special session so they can spew their propaganda .Who ordered this.
:The Witness List and only witness to speak were :
Randy DeFehn Executive Director National Coordinating Committee for Multiemployer Plans (NCCMP)
Mark McManus Sec Treasurer of the Plumbers and Pipe Fitters .I am sure the membership has no idea he is behind this and I am sure the membership has no idea they are financing the NCCMP.
Steve Sanherr Associated General Contractors of America and NCCMP Rat
Andrew Scoggin. AB Acquisition LLC
I notice there was no Phyills Borzi at the hearings …….
The Central Sates fund is said to be in such bad shape because the UPS was allowed to leave the fund resulting in massive contributions no longer coming into the fund.The NCCMP, who with disgraced politician Robert Andrews of NJ as its lobbyist, is passing laws allowing the Central Sates fund to not pay it pension obligations called the Multi Employer Reform Act. Does anybody find it interesting that the UPS and the NCCMP have the same law firm. Alston and Bird of Washington DC.
Mr. Feinberg this is not just about the Central States fund although it is so large and so many hard working Americans are in danger. This is about people conspiring and defrauding American workers over a long period of time. People entrusted to protect us.
Mr Feinberg. I ask that you not only refuse the Central states request but you halt, cease and desist any use of the law to rob retirees, the Multi Employer Reform act, until a committee can be put in place to investigate EBSA Asst Sec Phylis Borzi and her relationship with the NCCMP and her Presenting private citizens and presenting them as High Ranking Decision making authorities representing the US Government. Her travel and attendance at the AEIP summits and who paid for them.. Any funding she received from the NCCMP,AEIP, MEBCO or anyone like them.
Mr Feinberg I ask that you not only refuse the Central states request but you halt, cease and desist any use of the law to rob retirees, The Multi Employer Reform act, until a committee can be put in place to investigate whether these funding commitments and diversion of billions of fund monies by Union Leaders to fund of funds and companies such as Maquarie Infrastructure, Blum Capital, ULLICO Separate J,P and the newest scam the ULLICO Infrastructure fund, Stephen Ross and the Related UBC Opportunity Fund and Hamliton Lane. How it is possible for funds in New Jersey and California all share these common investments and lawyers.All these actions that should have been investigated by the EBSA and Phylis Borzi. You must now decide who you will replace the EBSA with to give the American worker the protections these agencies are there to provide. The South West Regional Council of Carpenters Pension funds has ONE page of these fund diversions. It totals $1.1 Billion dollars.ONE page for just ONE fund worth $1.1 Billion. These funds diversions should be ruled illegal and the funds who took fund money to finance one of these scams such, as ULLICO Separate J which was created and used to lend money to the Non Union developers in the hopes it could be used to leverage the company to the Union investigated.. Is this what Pensions are to be used for. If you rule them illegal and they have to be restored to a funds bottom line I am sure you will find many less funds eligible for clawbacks due to its new funding status. I am sure once you investigate Borzi and the NCCMP there will no longer be a Multi Employer Reform Act.
This conspiracy is all laid out for us in Working Capital: The Power of Labor's Pensions: Archon Fung, Tessa Hebb, Joel Rogers.. In it they ask if the attacks on Trustees Fiduciary Power and duty is legal under ERISA. Or if these funds of funds are legal.The answer is they are getting away with it because nobody has brought it before the court,. This attack on American Retirees shows us NOW is the time to find out.. It most certainly proves placing fiduciary liability on investments managers is a must and critical to derail the plans of Union Carpetbaggers such as Terry Osullivan who took $ TOTAL $670,403 pus close to $1000,000 form ULLICO while fighting to steal form retirees, Sean McGreedy who took $518,028 and $120,000 from ULLICO or Doug McCarron who took $545,000 plus collected his pension as he worked to rob retirees
Richard can you get me a deal on a Christmas tree ?
What really is not surprising is that some UBC scum thinks stealing from the pension checks of almost half a million retirees if amusing and something to joke about.
Should I take that as a NO! ?
In reply to this post by RichardDorrough
If you were to file a claim, under the false claims act, against the UBC for using the market recovery fund to be awarded government contracts, and then somehow force PLA and CBA requirements (kickbacks) after gaining said contracts, would it merit any benefit to you personally?
“There is no reason on earth why unions should be able to use job targeting programs – which are nothing short of using kickbacks from a slush fund – to give them an unfair advantage over their competition,” said Jim Elmer, ABC 2009 chairman and president of James W. Elmer Construction Co., Spokane, Wash. “The bottom line is that job targeting hurts U.S. workers, taxpayers and the economy, and it’s a practice that should be stopped.”
If you think job targeting isn’t happening in your community or isn’t a widespread problem, think again.
An April 2009 study published by George Mason University’s John M. Olin Institute for Employment Practice and Policy found that construction industry unions spent more than $1 billion between fiscal year 2000 and 2007 in job targeting schemes.
In addition to this staggering number, according to this summary, the study also found that:
Job targeting programs needlessly increase public construction costs.
Job targeting programs give unions and their subsidy recipients an unfair advantage in the bidding process.
Job targeting programs are often unknowingly funded by taxpayers.
Richard, you have many years of experience fighting the corruption initiated by the UBC General president, what do you think about this method of fund recovery?
In reply to this post by RichardDorrough
What is being done about.it is illegal and attorney general should look into it.
In reply to this post by Ethics
If you think job targeting isn’t happening in your community or isn’t a widespread problem, think again. " There is no doubt it is happening. There is no doubt it is to give the Union an advantage over non Union company's or as the Union will claim to even the playing field. But a close look will see certain Signatory Contractors favored by certain Business reps. Or look at the International level look what has been given to Ron Tutor. Brought to NYC and ends up with Tutor Perini Awarded Construction Contract for Hudson Yards, Tutor Perini Awarded $267 Million JFK Runway Project, Tutor Perini Wins $235M Verrazano-Narrows Bridge Contract. Lets not forget the ULLICO Infrastructure Fund and China Business relationship rolled out in 2012 and now the Bank of China and ULLICO(funded with UBC members Pension fund money) spreading money all over NY City. And then Tutor Perini, ULLICO,The UBC and Members pension fund money selling out American Steel and American Steel workers in favor of Chinese Steel and the ULLICO Chinese Business partners Business partners and say screw the “Buy America act" on the Verrazano-Narrows Bridge. Anybody want to add to the list. Lets not forget Tutor Perini’s long history of low balling and slamming for extras later or as it was politely put ”Tutor Perini has a history of coming in with a dramatically low bid to win construction contracts and then citing cost overruns to dramatically raise costs.” But low balling doesn’t appear to be required these days for Perini when they are lined up to give them work, I wonder under whose orders??
To take it one step further the ULLICO Separate J Program funded by Unions to give loans to non Union company in return for Employer Neutrality Agreements and then agree to a PLA with a 20% wage give back to Ross and to the Union who is Related partner in the Related - UBC Opportunity Fund LLC and the Hudson Yards Tower C LLP partnership with Related
The latest scam is the infrastructure scam as laid out at the 2005 AEIP summit in Barcelona. Another scam to loan money to leverage workers and contractors and suddenly we have Infrastructure investors including Brookfield Asset Management, who also took money from ULLICO and Bank of China in NYC.The Maquaguire Infrastructure fund who lost hundreds of millions in a fake coal mine but got their ban lifted in exchange for a promise to finance a bridge connecting Staten Island to where ever.., Blackrock, Blackstone..Ullico Infrastructure. Let not forget the Build America Investment Initiative partnership in identifying specific transportation infrastructure projects that could be good candidates for Build America Investment Initiative and to ask them for their help and partnership in identifying specific transportation infrastructure projects that could be good candidates for innovative financing. INNOVATIVE FINANCING!!!???
Would it merit any benefit to you personally? I am not interested in any personal benefit. I am interested in stopping it if it is wrong. Determining if it is yet another scam yet another scam and detrimental to workers. If there is anything to be gained every bit should be put into a restoration to the workers and /or into a program to restore protections and jobs for workers and/or a program to see to it Doug McCarrron does not get $545,00) plus and a tools pension and a 21% of his base wages International pension and no more LM2 that says he fly's first class airfare. All this as he takes time from his busy schedule posing for pics at the 300 hitter club and the Vegas Training center to write a letter to congress telling then they must screw American Retirees as the Solution and not bailout to cover for his fleecing the UBC Pension funds. And/or a program to see to it Terry OSullivan gets another $690,000 plus $87,000 from ULLICO as he rides the NCCMP Baloney Pony screwing retirees. And/or a program to see to it Sean McGreedy does not get $518,028 plus $120,00 form ULLICO.
THE Building Trades 990 FOR 6-2013-5-2014 SHOW SEAN MCGREEDY GETTING A TOTAL OF (1)SEAN MCGARVEY $358,898 & $43,926&$ 88,652(Pension)& $26,552 TOTAL $518,028!!!
If these frauds lining their pockets with absurd amounts, as they cut benefits and Pension checks and steal the food from the tables of American families and retirees are recoverable under false claims act then by god recover it. But you must be sure the benefits recovered are to go not to any individual but to efforts and programs for rank and file workers and Legal teams to protect the onslaught attack that is still to come against ERISA. And for God sakes a program to UNLINE the pockets of these carpetbaggers.
A very important part about the PLAs is the acts of fraud under which they are obtained. They are training UBC members to attend village,Towns and city Board,Planning and Zoning meetings and lying to these boards regarding conditions they offer in exchange for pro PLA support and Pro PLA votes.. Not a word about 100% mobility,Pre Apprentices, Banner people, Cutting benefits. The recent refusal to drug test UBC Officers at the UBC Convention. Being behind the new war on ERISA and behind the war and attack on retirees. Quite simply the out and out denial of workers on the site to be protected and utilize the language and protections in the PLA which the Unions who negotiated for the PLA knew in advance was going to happen. Does this fraud fit the “False Claims Act”
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