The DOL files suit against the IAMPF and trustees

[Kev3188]

Traymark--

No, not whatever. You indirectly alluded to the idea that he might be going to jail based on his previous posts championing the plan.

How deep does it go? No clue, but we're all gonna find out here soon enough...

 

[jcw]

It's amazing - if the company did this - this board would be on fire

Kev is right - get a great 401k and get everyone out of your money

 

[WeAAsles]

Traymark--

No, not whatever. You indirectly alluded to the idea that he might be going to jail based on his previous posts championing the plan.

How deep does it go? No clue, but we're all gonna find out here soon enough...

He just wants to get him off Forums.

 

[Tim Nelson]

Not so fast,  The DOL investigation mentions these violations are against the members.  My future pension benefits was slashed and may interest may have been damaged by these pimps, therefore look for a class action suit against the IAMPF. 
 
That's all I can say at this time.
 
regards,

 

[Rogallo]

Had Enough Yet?
 
Dee-Dee-Dee!

 

[Tim Nelson]

To the LUS brothers and sisters,
To Entire Membership: If you are a participant in the IAMPF, I need your help. It appears that the Plan trustees have not had our best interest in mind. In fact, they are defendents in a federal case where they are accused of blowing our money.

That said, I believe the members of that plan have been damaged. I am not an attorney so I don't really know. However, I contacted Eric Nelson, a excellent attorney who has helped airline people before, successfully against the IAM and won millions for airline members. During my conversation with Eric, he seemed really interested in the case, however, he does cost money. I'm not fronting my own money for this as the dollar amount is $495 an hour. Therefore, I need to know how many solid union brothers and sisters are willing to sacrifice maybe $100 a piece? The more money we can get, the more hours and maybe we can have more than a half baked class action suit. PM me, don't put anything on this site. PM me so I know if this is something you all are willing to support, i.e., go after damages from our IAMPF.

regards,

Tim

 

[WeAAsles]

To the LUS brothers and sisters,
To Entire Membership: If you are a participant in the IAMPF, I need your help. It appears that the Plan trustees have not had our best interest in mind. In fact, they are defendents in a federal case where they are accused of blowing our money.

That said, I believe the members of that plan have been damaged. I am not an attorney so I don't really know. However, I contacted Eric Nelson, a excellent attorney who has helped airline people before, successfully against the IAM and won millions for airline members. During my conversation with Eric, he seemed really interested in the case, however, he does cost money. I'm not fronting my own money for this as the dollar amount is $495 an hour. Therefore, I need to know how many solid union brothers and sisters are willing to sacrifice maybe $100 a piece? The more money we can get, the more hours and maybe we can have more than a half baked class action suit. PM me, don't put anything on this site. PM me so I know if this is something you all are willing to support, i.e., go after damages from our IAMPF.

regards,

Tim

Tim I'm far and away not against your idea here especially if people were stealing your money but don't you think it would be wise to wait for the DOL outcome before you consider filing a lawsuit? First if they're found guilty the suit calls for those people to return the funds that they misappropriated. Will they be financially able to is the question? But from there I would think is when you should consider any type of Class Action? 

 

[WeAAsles]

And yes I am VERY concerned since in the Association documents, the TWU is obliged to support inclusion for us into the fund.

 

[chilokie1]

And yes I am VERY concerned since in the Association documents, the TWU is obliged to support inclusion for us into the fund.

 
Time out Weasels, from the beginning of the association formation you said the members on this
 forum who were stating the truths of the IAMPF & our fears of being railroaded into it were nothing
 but the AMFA crowd and conspiracy nuts.
Now the truth comes out, the IAMPF is a scam (or at least we have more evidence that it is) &
 you lied about the TWU's intention. 
Regardless of our past differences on this subject no damage has been done yet, but the TWU 
 negotiating team needs to be reminded that one man signed off on the association on the TWU 
 side (and he is gone), and we were not given our promised vote on giving the association its go 
 ahead from the TWU membership. Given these facts how can any member of the TWU negotiating 
 team feel legally or morally obliged to support any inclusion of its membership into the IAMPF.

 

[stall warning]

Do you really need to ask that question?

 

[stall warning]

Whatever,
What I'm curious of now is, how deep is corruption, how far up does it go, and can this give membership a chance to disqualify the IAM as a bargaining agent at AA?
If you are corrupt at handling millions in people's retirement money, what makes you fit to remain a representative of the people you are stealing from?

Do you really need to ask that question ?

 

[WeAAsles]

 
Time out Weasels, from the beginning of the association formation you said the members on this
 forum who were stating the truths of the IAMPF & our fears of being railroaded into it were nothing
 but the AMFA crowd and conspiracy nuts.
Now the truth comes out, the IAMPF is a scam (or at least we have more evidence that it is) &
 you lied about the TWU's intention. 

Where were there any lies? Point them out? You guys were saying over and over that WE were going to be FORCED into the IAMPF. "Supporting" inclusion into the trust doesn't say anything about being forced into it. And as far as the IAMPF being a scam. Of course it's not a scam. But sorry to hear it may have been run by some people who were doing some shady chit and skimming some of the cash that didn't belong to them?
 

Regardless of our past differences on this subject no damage has been done yet, but the TWU 
 negotiating team needs to be reminded that one man signed off on the association on the TWU 
 side (and he is gone), and we were not given our promised vote on giving the association its go 
 ahead from the TWU membership. Given these facts how can any member of the TWU negotiating 
 team feel legally or morally obliged to support any inclusion of its membership into the IAMPF.

Personally because of this and honestly I think it's going to be VERY hard for our guys in that room to place our trust and faith in becoming part of the plan?

Now because of the agreement the TWU has to support the continuance of the plan for current participants and for us to be included in it. That does NOT mean that our guys have to support losing our 401k match to join in. And would the company agree to both anyway? So because of that and even more so now is why I see at best it being offered as a choice.

But now that's if the Company even agrees to continue to be a part of it? The company really doesn't want a bunch of old geezers hanging around. Medical costs will be huge if we did. So if they think the IAM is putting our exit in jeopardy, I just don't see them supporting that.

And anyway you cut it, this is a HUGE black eye on the IAM (And I'm very sorry to say that) 

 

[AP Tech]

Troubling to say the least....if the suit is found to have merit, hoping the Intl has sense enough to toss all those involved!!!

 

[ASSociation Clown]

No the IAM and the IAMNPF are two totally separate entities.

 
 
So they are separate entities that are heavily influenced by the former IAM President to overpay on fees for a crappy firm that greases his buddies kid.  Doesn't sound too separate to me if they are okay with obvious conflicts to please their boss Buffy.
 
 
[SIZE=12pt]The minutes of that meeting disclose that the Board discussed a personal relationship between IAM President R. Thomas Buffenbarger and J.Weldon Granger, who is the father of John Granger, the Graystone representative who manages the Fund's account. J.Weldon Granger and his firm are currently one of the recommended counsels on [/SIZE][SIZE=12pt]www.goiam.org[/SIZE][SIZE=12pt], the Union's website. [/SIZE]

 

[Hackman]

If these Federal charges are proven, then this should be the final proof that the Iam is unfit to represent any AMTs (or any group) and should be decertified.

Nobody wanted the Iam at AA or this damned "association", the Twu is bad enough.

Separate my azz.