It appears that, once again, Big Labor Bosses are playing fast and loose with union member’s pension funds.
In a criminal racketeering suit against Michael and Robert McKay, respectively, president and treasurer-secretary of the American Maritime Officers union, the Justice Department alleges that the brothers rigged elections, stole funds, obstructed justice, and orchestrated illegal campaign contributions. Reportedly, their scheme was financed, in part, by diverting money from the union’s $1 billion benefit plan.
Union Annual Financial Reports from the Department of Labor (LM-2s, LM-3s, and LM-4s) help to shine the light of day on the use of closeted funds Big Labor Bosses’ collect (often through the use of forced dues) and member pension funds dollars they control.