Friday, February 24, 2017

NEW NORTHEAST FORCED MERGER FUND SUED FOR 5 MILLION PLUS

THE NEWLY CREATED AND NAMED  "NORTHEAST FUND" CREATED BY THE FORCED MERGER OF THE NEW JERSEY FUNDS,PHILADELPHIA FUNDS AND ALBANY/ADIRONDACK PENSION FUND INTO THE EMPIRE FUND IS BEING  SUED FOR $5 MILLION PLUS

FUND ADMINISTRATOR GEORGE LAUFENBERG IS FIGHTING BACK
 and accusing the Northeast EST John Ballantyne of lying when he sent us all letters saying Laufenberg was fired for fraud.Turns out Laufenberg claims he was fired for collecting his pension and working. Just like Mike Forde and others did.Just like Dougy McCarron is doing right now. Here we go boys and girls. Is this a legit removal or once again are we seeing what happens when the UBC wants somebody gone.Get on the train right from the start and pay attention. It ALWAYS starts with lies and trumped up charges like the Newkirk letter.
Also pay attention to the outrageous numbers of Laufenbergs compensation.$700,000 in his annuity. Pension at $14,000 a month with another pension we did not even know about. A Supplemental Executive Retirement Plan for deferred hours worth $10,000 more a month.My god you have to read the lawsuit. Regardless it is the fund trustees who are liable and if Breach under ERISA for any wrong doing. Remember what the DOL said in the audit (not investigation) of the SWRCC training fund, "The board and trustees individually are in breach under ERISA for not knowing what Ripley was doing." What Ripley was doing was spending $291,000 on graduation parties,buying himself a Denali and taking Christmas bonuses with 13 others including fund board members. Stay Tuned. 



NOW I AM SURE THERE WILL BE A" JOHN BALANTYNE FIRED HIM AND NOT DOUGY 'OUTCRY BUT IN MY HUMBLE OPINION, AND FOR THE RECORD IT IS JUST AN OPINION, JOHN BALLANTYNE DOES NOT TAKE A PEE WITHOUT BEING TOLD TO.I AM SURE MIKE CAPELLI ON HIS OWN FILED THE NLRB CASE TO SCREW UBC NEW YORK MEMBERS OUT OF FUND HOURS AND JOBS IN THEIR BACK YARDS.IF YOU BELIEVE IT I HAVE A BRIDGE TO SELL. THE GOETHAL BRIDGE IN NY. OH WAIT THAT IS ALREADY A SELL OUT FOR MACQUARIES SEC WAIVER.HOW CAN DOUGY COLLECT A PENSION AND HOLD OFFICE AND ALL OTHERS CANNOT.EXCEPT... WAIT WASN'T FEDERAL PRISONER MIKE FORDE COLLECTING A PENSION AND HOLDING OFFICE??DIDN'T MIKE FORDE HAVE SO MANY HOURS HE TO WAS GIVEN A SUPPLEMENTAL PENSION FUND LIKE LAFUFENBERG??
 

13 comments:

Anonymous said...

Laufenberg saw or was witness to the 2,6 billion dollar grab from phila. All illegal btw. He also suing rob ( rat) naughton who was part of the mastermind to oust ed coryell sr
Here we have ballantyne, and mccarrons failing biz model, taking over a successful one. Stealing all assets all monies, no charters no work rules as they try to ride it out until may of 18
Phila had 89% market share premerger
After merge ( 1 year) we are tanking at under 62% and in freefall with the onslaught of unemployed jersey carpenters swarming what was once a proud and founding fathers city of union carpenters

Anonymous said...

Hopefully Laufenberg calls for full discovery, full federal audit, and full subpeona powers on both the personal finances of those named in this suit, and their illicit rotten to the core scumbag sellout antics as " union representatives"

Anonymous said...

Watch philadelphia. The uprising has begun as of yesterday

Anonymous said...

So true. Over 150 philly carpenters out of work at this time. Unreal!!! We should have our retirees working right now but instead we have guys coming from NY and Maryland. Where are all of our politicians and State reps?.Unreal!!! Why touch something that isn't broken? Coreyel has done an awesome job except for a few mishaps.

Anonymous said...

The DOL will not do anything because they are told not to.There is money missing in Scranton, PA. and the DOL has been investigating for seven years with no results. The KML Council has been reported to DOL many times over the last ten years and nothing done. The only way to turn things around is to stop the dictatorship by voting rank and file members as delegates to your council and the international convention. Most delegates now work for the council and won't say anything for fear of being fired. It's time to take our union back before they take our pensions and annuities. In some areas annuity money was taken and put in the pension plan to hide the mismanagement of the funds. Remember the federal government made it legal to reduce retired members pensions in Obama's last year. The only pension that is funded is the international pension. They pay 22.5 percent of a representatives salary into the international pension. That is outrageous and word has it McCarran wants to raise it to 25 percent. It's your union start fighting to take it back or lose everything.

Silence Dogood said...

They already increased the International Pension to 25%

Anonymous said...

Your politicians only care about the money they get from the PAC funds. As long as 98 percent of our money goes to the Democrats you won't get any help from them and certainly not from the Republicans. Register Independent and tell the politicians why you did it.Both parties are as corrupt as McCarron.

Anonymous said...

Seems now that part of the PA fund scammers have been let loose in NJ.

Anonymous said...

All fund Administrators and Board members are greedy and take, take, take - including Laufenberg. When we experienced the recession with no jobs, people moving out of the State looking for better opportunities, losing their homes; did Laufenberg cut back his salary? Did he turn in his leased car? Did any of his relatives who worked in the office do anything to help the members???! NO. It is all greed. I'm glad Laufenberg is out.

Anonymous said...

I think it was all. Greed! My husband has been in the Union for over 30 years !! We won’t even see the Money that Laufenberg Stole from all of us!!! He should be in Prison!!! I think the whole Family should be!!

Anonymous said...

Laufenberg is bff with spencer ..what else needs to be said .

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Silence Dogood said...

Actually this blog does not cost a dime. All you have to invest is your time.

UBC Freedom of Speech Policy

UBC Freedom of Speech Policy
THIS BLOG CONTAINS WHAT THE UBC FEARS MOST.INFORMATION.THIS BLOG IS FOLLOWING THE COURT CASE IN THE PERSECUTION OF MIKE MCCARRON WITH DOCUMENTS FROM THE CASE DOCKET IN REAL TIME AS THEY ARE FILED. IT REVEALS HOW FAR THE UBC, DOUG MCCARRON AND THEIR HIGH PAID LAWYERS WILL GO TO DESTROY ANY MEMBER WHO TELLS HIM NO..