MORRISTOWN, N.J. — The former chief operating officer of Morristown & Erie Railway – a shortline on which the UTU represents train and engine workers – has been indicted for fraud by a grand jury in New Jersey. He is alleged to have improperly converted more than $800,000 in state DOT funds intended for rail rehabilitation, according [...]
9 years in prison; but UTU victims left holding bag
August 18, 2011
LOS ANGELES — For 15 years, Thomas L. Mitchell worked a Ponzi scheme targeting and draining the retirement funds of retired LACMTA bus workers, many of whom were UTU members. The con artist will now spend his next nine years in federal prison – having pleaded guilty to mail fraud, according to The Los Angeles Times. [...]
Preserving Medicare: We have a role to play
June 9, 2011
Would you accept a job paying $1 million to count out $2 billion in $1 bills? Think again, because working a 40-hour week and counting out $1 per second, you would require 266 years to count out the $2 billion total. Now that you have an idea how much $2 billion is, consider that in [...]
Do not become a victim of fraud
November 10, 2010
Financial fraud can empty your life savings. Here are 10 steps suggested by best-selling author Charles Murray. Every deal is a potential scam: Recognize that fraud is an act of deceit by one party intended to induce another to part with something of value. Map out your goals before shopping or investing: There’s a difference [...]
