Restitution to be Paid to District Council

From NYCDC Website:

With the recent allocution of former officers of this Council, our union is now equipped with the necessary evidence to bring internal union disciplinary and monetary charges against the individuals that have abused their authority.  We will work with the United States Attorney’s office to ensure that justice is carried out and that those who have defrauded our union pay for their actions.  Recompense will be pursued to every extent possible, including requiring former leaders and/ or members to replenish the benefits and pension funds that suffered due to their actions.  Our union has been pursuing this endeavor since the guilty pleas were entered in recent months and will continue to pursue where necessary against future individuals.

The New York City District Council of Carpenters has made a request to the United States Attorney’s office that pension benefits owed to Michael J. Forde be offset.  This request has been based on the anticipated judgment against Mr. Forde in the amount of approximately $18 million in favor of the NYC District Council of Carpenters Benefit Funds for the estimated loss of income as a result of Mr. Forde’s corrupt actions.  A judgment of $500,000 in favor of the NYC District Council is also expected for attorney fees paid to Mr. Forde based on his criminal state court cases.  Although all parties seem to be in agreement on the amounts owed, no agreement has been finalized.  Once an agreement is finalized it is subject to the Court issuing the judgment.

Our Union is also working in conjunction with the United States Attorney’s office to seek restitution from the other defendants, including John Greaney and Joseph Olivieri.  We have asked the government to investigate all options available, financially and civilly, so that our Union receives the restitution we rightfully deserve.  We will continue to fight to make sure that our members are fairly reimbursed for any act of corruption.

Related: 

Local 157 Members Pass Historic Motion To Recover Money Fleeced By Forde