Word: kickback
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Dates: during 1970-1979
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...Mafia: Frank Fitzsimmons, William Presser, Frank Ranney and Roy Williams. In practice, say federal investigators, just who gets money is determined by the union trustees; they are influenced heavily by Allen Dorfman, once a special consultant to the fund until he was convicted of accepting a $55,000 kickback from a borrower and went to prison for eight months. He was forced to sever his Teamster connections, but he still calls many shots...
Federal investigators suspect that Hoffa may have been murdered to keep him from interfering with kickbacks flowing to underworld brokers of loans from the Central States' pension fund. On the day of his disappearance, Hoffa was scheduled to have lunch with two Mafiosi: Anthony ("Tony Pro") Provenzano, unofficial boss of New Jersey's Teamsters, and Detroit's Anthony ("Tony Jack") Giacalone. Investigators believe that on the agenda was a $3 million loan from the fund that the Mafia was trying to arrange for a "recreation center" in Detroit. On some previous loans from the fund, Mob figures...
...Airways purchasing agent knew a good deal when he saw it. Offered some generous cash incentives for steering a few Pan Am orders to a Miami-based electronics supplier, he grabbed. Then his bosses became suspicious, arranged a legal wire tap and recorded him in the act of negotiating kickbacks. That is when the second good deal came along for the agent-a union-contract clause stipulating that an employee fired for cause must be notified within 30 days of committing the offense. Pan Am did not want to confront the employee until it had prepared an airtight case...
Some banks, too, have to cope with kickback artists on their own payrolls. At a federal hearing last week on a bankruptcy petition he has filed, Joel Kline, a Maryland land speculator, testified that he had paid $25,000 to a loan officer at New York City's Bankers Trust Corp. in exchange for securing lines of credit. The following day the bank revealed that last November it had asked an officer, Stephen Benjamin, to resign for dealings with Kline. The land speculator, who bribed a number of Maryland state officials while Spiro Agnew was Governor, reportedly gave testimony...
...case against Boyle, Sprague questioned more than 50 witnesses, including tobacco-chewing Kentucky pensioners who were entrusted with $500 checks for union services never performed, which they then returned to the union; they knew only that the money was part of an elaborate kickback scheme, not that it would be used for the murders. Sprague also placed on the stand FBI agents who had investigated the Dec. 31, 1969 killings. Each witness helped buttress Sprague's contention...