And Here's the Rest Of The Story

Federal Charges Brought Against Twelve Members of Operating Engineers Local 17 

or

"I was robbed!" cried the crooks 

It's a year old and it doesn't look like DOL was involved - The FBI got em'all. Charged with conspiracy to commit racketeering, 7 counts of extortion,  conspiracy to commit extortion and attempted extortion. Looks like the boys from Local 17 are out of action. Charged were:

GERALD H. FRANZ, JR., Business Representative, age 45

JEFFREY A. PETERSON, Business Representative, age 45

GERALD E. BOVE, retired, past Business Representative, age 62

MICHAEL J. CAGGIANO, member, age 38

JEFFREY C. LENNON, member, age 53

KENNETH EDBAUER, member, age 63

GEORGE DEWALD, member, age 50

MICHAEL J. EDDY, member, age 39

THOMAS FREEDENBERG, Business Representative, age 51

And here's the rest of the story:

It gets even funnier (ironic not ha-ha) if you look at the 2008 Local 17 LM-2. A couple of the International boys are running the local and here's one of the LM-2 Remarks:

General Information: In December 2008 allegations of fraud were made against one of the investment managers employed by Beacon Associates LLC II, in which Local 17 invested. Such allegations suggest that the value of the underlying assets managed by the investment manager was overstated and that such overstatement dates back to prior years. As of the preparation date of this filing, the exact loss to Beacon has not been determined, however management of Beacon estimates the maximum loss to Local 17 to be approximately $ 775,000. The market value of Beacon shown in  Schedule 5 of this LM-2 filing reflects the estimated market value of the Local's investment in Beacon as of December 31, 2008. 

What is the world coming to? Crooks stealing from crooks!

Local 17 may be going for a record - 12 crooks in the union itself and they invested with another crook - poetic!

If you're looking for the Operating Engineers in the DOL disclosure room, you'll need to find IUOE-ENGINEERS, OPERATING, AFL-CIO in the dropdown box.