In yet another story for the Union Corruption Corner, the NYC Sandhogs, members of the Laborers International Union of North America (LIUNA) are missing $42 million from their union pensions. Yet, the mainstream media (MSM) has barely covered this story and its side story of how vulnerable union pensions are to corruption.
As reported on David Horowtiz's NewsReal:
While the mainstream media swarmed all over Bernie Madoff, AIG and corporate billionaires, the gentlemen of the press, who are so proud of fighting for the Little Guy, were mostly out to an expense-account lunch when Melissa King allegedly made off with $42 million rightfully belonging to members of the Laborers International Union of North American (LIUNA).While the claim of queen-sized Ms. King's alleged theft of $42 million is debatable (how much did mob bosses get in "loans" from union bosses?), we'll go with it.
In what is being called the largest union embezzlement in American history, the LIUNA Local 147 (New York) office administration was apparently unsatisfied with her meager $500,000 a year paycheck.