Word: pensioneer
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...controls several Las Vegas casinos. So the gangsters bought the gambling palaces with huge loans from Teamster pension funds, using front men to disguise the Mafia connection. So the crooks reaped vast untaxed profits by skimming millions in cash off the top of the gambling take. So? Hasn't all that been widely known for at least 20 years? It has. But proving it is something else. After years of only sporadic success, the FBI and the Justice Department finally may be shaking the Mob's grip on Las Vegas...
...Government's case, moreover, includes an allegation that an unnamed trustee of the Teamsters' Central States Pension fund helped a Mafia front man, Allen Click, then only 32, get $62.75 million in loans from the fund in 1974. The trustee advised Glick to see Frank Balistrieri, the Mafia's top man in Milwaukee. The indictment claims that Balistrieri and Joe Aiuppa, the Chicago boss, wielded their influence with other unnamed directors of the Teamsters fund to get the mon ey. Glick used the loans to buy four casinos, including the Star dust and the Fremont...
Those letters were never intended for publication: they are sprightly, candid and occasionally risque. In one letter, she describes the consequences of a liaison between the King and a 17-year-old girl: "Mme. de Fontanges has been made a Duchess with a 20,000 ecus a year pension; she accepted congratulations yesterday, lying...
...million payment for the warrants was only one of several to come out of Chrysler's smoking checkbook these days. During the past two weeks, the company promised to pay $117 million in back dividends on preferred stock, scheduled a $250 million payment to its pension fund and reached a $1 billion wage deal with the United Auto Workers. That settlement returns to Chrysler workers the bulk of the paybacks the union employees had given to keep the company afloat...
...cause of the expected debate is a bill now pending in the city Council of Washington, D.C Introduced by Councilor John Ray. Democrat the bill calls for immediate divestiture of the $30 million that the city's pension funds now invests in companies operating in the apartheid state. Washington D.C's pension funds total more than $330 billion...