DOL TARGETS UNION FINANCIAL ERRORS & CRIMES
Actually, that is an understatement. Since the beginning of the year DOL has announced about 70 indictments, guilty pleas, or convictions from union leaders for embezzlement, fraud, wire fraud, false statements, and whatever other terms are used to criminally pursue those who misuse union funds.
The most common problems appear to be misuse of debit cards, using union funds to cover personal expenses, filing false annual reports with DOL, and outright theft.
Even a quick review of the case summaries should impress on every union leaders the need to make sure that his/her union has taken all reasonable steps to protect members money. Those elected officers with fiduciary responsibility, such as Executive Board members, actually risk significant harm if there is a crime.