THE DEPARTMENT OF LABOR INVESTIGATION OF THE UBC AND ULLICO OVER THE STOCK PURCHASE INVOLVING THE UAW AND THE UBC HAMILTON LANE SCAM WHICH THE DOL DECLARED A POSSIBLE BREACH OF FIDUCIARY DUTY
"DIRTY HANDS MOLD DIRTY DEEDS"
SOME POSSIBLE EXAMPLES OF DIRTY DEEDS ARE PROHIBITED TRANSACTIONS UNDER ERISA,CONFLICT OF INTEREST,PERJURY, FAILING TO ACT IN THE BEST INTEREST OF THE FUNDS UNDER ERISA AND IMPEDING A DOL INVESTIGATION
SOME POSSIBLE EXAMPLES OF DIRTY DEEDS ARE PROHIBITED TRANSACTIONS UNDER ERISA,CONFLICT OF INTEREST,PERJURY, FAILING TO ACT IN THE BEST INTEREST OF THE FUNDS UNDER ERISA AND IMPEDING A DOL INVESTIGATION
SO JOHNNY JERK OFF AND HIS MISFIT HACKS LIKE TO TELL STORIES LIKE THE LIE REGARDING "PRE APPROVAL" BY THE TRUSTEES.HERE IS A STORY FOR YOU JOHNNY.NOW TELL ME IF YOU HAVE HEARD THIS ONE.ITS A BIT DIFFERENT THAN YOUR FAIRY TALE AND MY VERSION COMES WITH DOCUMENTATION
"ALL POOR JOEY DID WAS MARRY A BUYER AND SELLER"
SIR DOUG THE DICKLESS
A FAIRY TALE BY THE BROTHERS GRIN AND BEAR IT
THERE ONCE WAS A BOY NAMED JOEY C. JOEY C WAS ALL WORRIED BECAUSE BY DECEMBER 10TH HE HAD TO HONOR A REPURCHASE AGREEMENT AND BUY BACK $30 MILLION IN SHARES OF ULLICO STOCK. SEEMS ULLICO WAS SHORT ON CASH AND JOHNNY C WAS CRAPPING HIS DIAPER TRYING TO FIGURE OUT HOW THEY WERE GOING TO PAY FOR IT.
THE UAW WAS ORDERING THE TENDER OR SELLING OF ITS 759,480 SHARES .WAS ULLICO OBLIGATED TO BUY IT BACK OR DID THEY JUST EXERCISE THEIR RIGHT TO BUY IT AT $25 AND THEN COULD NOT PAY FOR IT???WHO KEPT THE DIFFERENCE ($812,643 GAIN)BETWEEN THE $25 ULLICO PAID AND THE $26.07 REPURCHASE OFFER
(In order to replace dividend income with capital gains, the Board of Directors adopted a repurchase program in May 1997. Under the program, ULLICO would offer to repurchase $30 million worth of stock in 1997 AT $26.07 A SHARE(HINT HINT JOHNNY)Hey DOL NYS State Investigation says "Ownership of ULLICO Inc. shares is limited to labor organizations and their members.ULLICO Inc.’s by-laws prohibit stockholders from selling their shares of ULLICO Inc. stock without first offering them to ULLICO Inc. at $25 per share. It is ULLICO Inc.’s practice to
repurchase these shares and resell them to labor unions and their members.
JOEY C WAS BOO HOOING AND DOING HIS BEST "WHOA AS ME" AS HE WAS PONDERING IF HE WOULD HAVE TO SCAM UNION LABOR LIFE BY SHIFTING MONEY FROM UNION LABOR LIFE TO ULLICO IF HE COULD NOT "CLOSE ON $10 MILLION FROM A CARPENTERS BENEFIT FUND BEFORE DECEMBER 10TH" MEANING WHAT APPEARS TO BE CONSPIRE WITH SIR DICKLESS TO SCAM THE MONEY FROM THE CARPENTERS TO COVER ULLICO
SUDDENLY UP FROM THE SEWER RODE A GOOFY LOOKING BASTARD ON A DONKEY.OR PERHAPS THE DONKEY WAS RIDING HIM. WHO COULD TELL.THIS GOOFY LOOKING BASTARD WITH BRIGHT WHITE HAIR, A SPONGE BOB IQ AND A GOOFY FRIGGIN LITTLE WHISKER THAT MADE HIS FACE LOOK REMARKABLY LIKE A BALL SACK TOLD JOEY C HIS NAME WAS SIR DOUG "THE DICKLESS"AND HE WAS KING OF UNION LAND AND TO "FEAR NOT" AS HE KNEW WHERE HE COULD GET $18,987,000.00.THIS DESPITE THE FACT AS A DIRECTOR OF ULLICO SIR DOUG KNEW WHAT WAS COMING.HE AND ULLICO KNEW GLOBAL CROSSING WAS A SCAM AND ULLICO A LOSER
"ULLICO had admitted that the Global
Crossing investment was masking operating losses, saying that without Global Crossing,ULLICO would be in trouble.ULLICO observation was accurate in 1998 and became dramatically more so in the following years. Every year from 1998 through 2001, ULLICO’s net income was
negative when excluding gains on investments such as Global Crossing.31 The company lost approximately $2.5 million in 1998. In 1999, the losses increased to nearly $91
million and the red ink continued for the next two years. The company lost $77 million and $42 million in 2000 and 2001 respectively"
YET SIR DOUG CONTINUED DURING THESE YEARS TO FORCE MONEY TO BE DIVERTED FROM UBC FUNDS TO ULLICO.INSTEAD OF ADMITTING TO THE CONDITION OF ULLICO SIR DOUG PRESENTED TO MULTIPLE UBC ENTITIES, SUCH THE THE NEW ENGLAND CARPENTERS FUND WHO WANTED OUT OF THEIR 264 THOUSAND BS ULLICO SHARES, A REPORT BY DUFF AND PHELPS COMMISSIONED BY THE UBC SAYING IT PROVED ULLICO WAS SOUND.BS. THE REPORT ACTUALLY SAID THIS REPORT IS BASED ON BS BECAUSE WE HAVE ASSUMED!! ASSUMED AND ASSUMED!!!!
(1)"WE HAVE NOT BEEN SUPPLIED WITH ACTUARIAL OPINIONS."
(2)"WE HAVE NOT INDEPENDENTLY VERIFIED THE ACCURACY AND COMPLETENESS OF ANY OF THE INFORMATION PROVIDED TO US"
(3)"WE HAVE NOT MADE AN INDEPENDENT EVALUATION OR APPRAISAL OF THE ASSETS OR LIABILITIES OF THE COMPANY"
(4)"OUR OPINION DOES NOT CONSTITUTE A WARRANTY OR GUARANTEE THE INVESTMENT WILL BE PROFITABLE FOR THE FUNDS"
THIS BS REPORT WAS USED ON NUMEROUS OCCASIONS TO CLAIM ULLICO WS FINANCIALLY SOUND.. USING THIS REPORT SIR DOUG TOLD THE NEW ENGLAND FUND TO KEEP THEIR ULLICO STOCKS AND THEN HE LIED WHEN HE TOLD THEM THAT THE REPORT CLAIMED THE INVESTMENT TO BE "FAVORABLE TO THE UBC PENSION FUND"
"ALL POOR JOEY DID WAS MARRY A BUYER AND SELLER"
SIR DOUG THE DICKLESS
A FAIRY TALE BY THE BROTHERS GRIN AND BEAR IT
THERE ONCE WAS A BOY NAMED JOEY C. JOEY C WAS ALL WORRIED BECAUSE BY DECEMBER 10TH HE HAD TO HONOR A REPURCHASE AGREEMENT AND BUY BACK $30 MILLION IN SHARES OF ULLICO STOCK. SEEMS ULLICO WAS SHORT ON CASH AND JOHNNY C WAS CRAPPING HIS DIAPER TRYING TO FIGURE OUT HOW THEY WERE GOING TO PAY FOR IT.
THE UAW WAS ORDERING THE TENDER OR SELLING OF ITS 759,480 SHARES .WAS ULLICO OBLIGATED TO BUY IT BACK OR DID THEY JUST EXERCISE THEIR RIGHT TO BUY IT AT $25 AND THEN COULD NOT PAY FOR IT???WHO KEPT THE DIFFERENCE ($812,643 GAIN)BETWEEN THE $25 ULLICO PAID AND THE $26.07 REPURCHASE OFFER
(In order to replace dividend income with capital gains, the Board of Directors adopted a repurchase program in May 1997. Under the program, ULLICO would offer to repurchase $30 million worth of stock in 1997 AT $26.07 A SHARE(HINT HINT JOHNNY)Hey DOL NYS State Investigation says "Ownership of ULLICO Inc. shares is limited to labor organizations and their members.ULLICO Inc.’s by-laws prohibit stockholders from selling their shares of ULLICO Inc. stock without first offering them to ULLICO Inc. at $25 per share. It is ULLICO Inc.’s practice to
repurchase these shares and resell them to labor unions and their members.
JOEY C WAS BOO HOOING AND DOING HIS BEST "WHOA AS ME" AS HE WAS PONDERING IF HE WOULD HAVE TO SCAM UNION LABOR LIFE BY SHIFTING MONEY FROM UNION LABOR LIFE TO ULLICO IF HE COULD NOT "CLOSE ON $10 MILLION FROM A CARPENTERS BENEFIT FUND BEFORE DECEMBER 10TH" MEANING WHAT APPEARS TO BE CONSPIRE WITH SIR DICKLESS TO SCAM THE MONEY FROM THE CARPENTERS TO COVER ULLICO
SUDDENLY UP FROM THE SEWER RODE A GOOFY LOOKING BASTARD ON A DONKEY.OR PERHAPS THE DONKEY WAS RIDING HIM. WHO COULD TELL.THIS GOOFY LOOKING BASTARD WITH BRIGHT WHITE HAIR, A SPONGE BOB IQ AND A GOOFY FRIGGIN LITTLE WHISKER THAT MADE HIS FACE LOOK REMARKABLY LIKE A BALL SACK TOLD JOEY C HIS NAME WAS SIR DOUG "THE DICKLESS"AND HE WAS KING OF UNION LAND AND TO "FEAR NOT" AS HE KNEW WHERE HE COULD GET $18,987,000.00.THIS DESPITE THE FACT AS A DIRECTOR OF ULLICO SIR DOUG KNEW WHAT WAS COMING.HE AND ULLICO KNEW GLOBAL CROSSING WAS A SCAM AND ULLICO A LOSER
"ULLICO had admitted that the Global
Crossing investment was masking operating losses, saying that without Global Crossing,ULLICO would be in trouble.ULLICO observation was accurate in 1998 and became dramatically more so in the following years. Every year from 1998 through 2001, ULLICO’s net income was
negative when excluding gains on investments such as Global Crossing.31 The company lost approximately $2.5 million in 1998. In 1999, the losses increased to nearly $91
million and the red ink continued for the next two years. The company lost $77 million and $42 million in 2000 and 2001 respectively"
YET SIR DOUG CONTINUED DURING THESE YEARS TO FORCE MONEY TO BE DIVERTED FROM UBC FUNDS TO ULLICO.INSTEAD OF ADMITTING TO THE CONDITION OF ULLICO SIR DOUG PRESENTED TO MULTIPLE UBC ENTITIES, SUCH THE THE NEW ENGLAND CARPENTERS FUND WHO WANTED OUT OF THEIR 264 THOUSAND BS ULLICO SHARES, A REPORT BY DUFF AND PHELPS COMMISSIONED BY THE UBC SAYING IT PROVED ULLICO WAS SOUND.BS. THE REPORT ACTUALLY SAID THIS REPORT IS BASED ON BS BECAUSE WE HAVE ASSUMED!! ASSUMED AND ASSUMED!!!!
(1)"WE HAVE NOT BEEN SUPPLIED WITH ACTUARIAL OPINIONS."
(2)"WE HAVE NOT INDEPENDENTLY VERIFIED THE ACCURACY AND COMPLETENESS OF ANY OF THE INFORMATION PROVIDED TO US"
(3)"WE HAVE NOT MADE AN INDEPENDENT EVALUATION OR APPRAISAL OF THE ASSETS OR LIABILITIES OF THE COMPANY"
(4)"OUR OPINION DOES NOT CONSTITUTE A WARRANTY OR GUARANTEE THE INVESTMENT WILL BE PROFITABLE FOR THE FUNDS"
THIS BS REPORT WAS USED ON NUMEROUS OCCASIONS TO CLAIM ULLICO WS FINANCIALLY SOUND.. USING THIS REPORT SIR DOUG TOLD THE NEW ENGLAND FUND TO KEEP THEIR ULLICO STOCKS AND THEN HE LIED WHEN HE TOLD THEM THAT THE REPORT CLAIMED THE INVESTMENT TO BE "FAVORABLE TO THE UBC PENSION FUND"
SO SIR DOUG TELLS JOEY C . NOT TO WORRY. I AM SIR DOUG KING OF UNION LAND AND A DIRECTOR AT ULLICO AND I WILL SCAM THE $18.9 MILLION YOU NEED FROM MY UNION. $12 MILLION FROM OUR PENSION FUND AND $6.9 MILLION FROM OUR GENERAL FUND.THE MEMBERS ARE STUPID, MY LAWYERS A LYING SACK OF DONKEY BALLS AND I AM SIR DOUG THE KING OF THE UNION. RULES ARE FOR COMMONERS AND NOT ME.
NOW SIR DOUG KING OF UNION LAND BELIEVES HE HAS MAGICAL POWERS. HE WORSHIPS THE GREAT SPIRIT AND REGULARLY VISITS ONE OF THE LOCAL SEERS ON NUTSET STRIP IN CALI KNOWN AS THE "SWAMMY MOMMY"..
SIR DOUG BELIEVES THAT HE CAN PUT A WURT ON SOMEONE AND CONTROL AND READ THEIR MIND AS WELL AS DO A FEW CARD TRICKS AND PULL A RABBIT OUT OF HIS ZIPPER..HEY SIR DICKLESS. GUESS WHAT I AM THINKING.!SIR DOUG THE "DICKLESS"A GREAT AND MIGHTY KING IN HIS OWN MIND ALSO TRAVELED WITH A SCARY WITCH WHO THE TOWNS FOLK CALLED "THE BALONEY PONY".SHE WAS A SECRET AND SHE COULD ONLY RIDE THE DONKEY WHEN NO ONE WAS LOOKING.SIR DOUG ALWAYS DENIED HE EVEN KNEW HER.BUT ALL IN THE KINGDOM KNEW THAT IF IT WAS NOT FOR SIR DOUG "THE DICKLESS"THE "BALONEY PONY" WOULD BE LETTING THE DONKEY RIDE HER DOWN IN MEXICO SOME PLACE FOR A FEW GLORIOUS MOMENTS ON YOUTUBE AND $5 A POP..
NOW IF ANYBODY ASKS OR DEPOSES US UNDER OATH WE CAN TELL EVERYBODY THAT YOU DID NOT GAIN OR MAKE A DIME BUT ONLY MARRIED A BUYER AND SELLER AS YOU PRANCE ABOUT IN LEOTARDS AND SPRINKLE FAIRY DUST AROUND THE ROOM.WE WILL ACT SHOCKED AND SURPRISED THAT THE INTERNATIONAL PENSION FUND AND THE INTERNATIONAL GENERAL FUND JUST HAPPEN TO BE BUYING THE SAME EX UAW STOCK AT THE SAME TIME.
SO YOU LIE AND WE WILL SWEAR TO IT UNDER OATH.IT WILL BE EASY. WE DO IT ALL THE TIME.IF WE HAVE ANY PROBLEMS "CROOKED TEETH" WILL OBJECT
TO BE CONTINUED......