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November 15, 2009

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Union head faces probes

Tuesday, Oct. 15, 2002 | 9:48 a.m.

WASHINGTON -- The president of a U.S. carpenters' union is under investigation by several government agencies over alleged stock profiteering at a union-run insurance company, the Washington Post reported Monday.

United Brotherhood of Carpenters and Joiners of America President Douglas McCarron is President George W. Bush's closest ally in the labor movement, the newspaper said. He and other labor leaders, who are directors of the Ullico insurance company serving labor unions, are accused of profiting at the expense of their unions and the union pension funds, the newspaper said.

A union spokesman declined comment, the Post reported.

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