Oregon Fund Manger in Plea Talks
Ex-union fund manager Barclay Grayson is negotiating a deal with federal prosecutors investigating his firm's loss of more than $200 million, said U.S. Bankruptcy Judge Randall Dunn Mar. 7. Dunn...
View ArticleResults of IBT-DOJ Talks Uncertain
Int'l Bhd. of Teamsters officials continue to press the federal government to end its 12-year supervision of the union, but IBT president James P. Hoffa said May 15 that he did not expect any change in...
View ArticleOregon Boss Gets 15 Months for Racketeering
U.S. Dist. Judge Anna J. Brown (D. Or., Clinton) sentenced racketeer and tax-evader John D. Abbott, ex-secretary-treasurer and business manager of the Laborers' Int'l Union of N. Am.'s Dist. Council of...
View ArticleOregon Fund Manager May be Close to Plea Deal
Jeffrey L. Grayson, the indicted former union fund manager, has tentatively agreed to cooperate with federal prosecutors in Oregon in the fraud and money-laundering case stemming from his investment...
View ArticleGrayson and Ten Other Defendants Settle $110 Million Pension Suit
Dozens of union pension and other benefit funds reached a settlement May 13 with eleven parties to recover $110 million of losses involving allegations of pension fraud by the Portland, Or., based...
View ArticleJudge Refuses to Erase Fund Manger's Prison Sentence
Convicted union pension fund manager Barclay Grayson's attorney and prosecutors argued for three hours May 30 that Grayson, who has emerged as the government's lead witness in the Capital Consultants...
View ArticleCo-Conspirator in Pension Scam Testifies Before Congress
It was the largest case of pension fraud in U.S. history. And it played a major part in how one firm in short order managed to lose $350 million, mostly in the form of union investments. A convicted...
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