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(Even more) legal trouble for the IAM

While the IAM continues to ask our teammates to trust them, IAM officials and leadership can’t seem to stay out of legal trouble when it comes to their members’ money. The Department of Labor’s Office of Labor-Management Standards lists well over 100 instances of embezzlement or other criminal charges against IAM officials since 2002. Here are a couple of recent examples:

  • On Jan. 24, 2016, the U.S. Secretary of Labor filed a lawsuit against the trustees of the IAM National Pension Fund, including the IAM’s current International president, alleging that they used its members’ retirement money to fund lavish trips, meals and parties. That matter was just settled with the defendant trustees, including the IAM’s international president, agreeing to pay a total of $200,000 to the Fund and $40,000 to the U.S. Treasury
  • In March 2016, Oscar Luevano, former financial secretary-treasurer of the Transportation Communications Union Lodge 5050 (an IAM affiliate) in Covina, Calif., pleaded guilty to embezzling $132,939 of its members’ dues

It all leads you to ask some very simple questions: Why would you trust the IAM with your money? Could you really rely on them to make decisions on your behalf? These repeated examples of corruption and criminal activity suggest that doing so might be a risky proposition. We’ve worked hard to get where we are without the IAM, and we just don’t need that kind of “representation” at BSC.

Business man hiding money in jacket pocket - Corruption and Fraud Concept