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CCWIPP charges laid!

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Elvis	Posted: Wed Jun 28, 2006 6:07 pm
Joined: 01 Feb 2006 Posts: 661 Location: Toronto	The CCWIPP spin is out before the news, so I don't know how serious the charges really are. news release We've been waiting to see what kind of balls the seemingly impotent FSCO has. What are the odds this will amount to anything? _________________ Henri Ducard: Your compassion is a weakness your enemies will not share. Bruce Wayne: That's why it's so important. It separates us from them.
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SharynS	Posted: Wed Jun 28, 2006 6:22 pm
Joined: 28 Jan 2006 Posts: 2939 Location: the 'puter	Quote: The regulator's report confirms that there was no evidence to support allegations that Trustees benefited personally, received improper payments or committed fraud. The Trustees, who cooperated fully with FSCO throughout the examination, deny that they breached their statutory obligations to the Plan members, and state that they have always acted in the best interests of the Plan and its members. No investments were made, or assets sold, without professional advice. Besides the obvious bullshit factor - it's hilariously revealing in regards to the yet unpublicized charges. Good luck boys! _________________ Free speech is the whole thing, the whole ball game. Free speech is life itself. - Salman Rushdie
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wm pasz	Posted: Wed Jun 28, 2006 7:25 pm
Joined: 29 Jan 2006 Posts: 1219 Location: Toronto	Oh the spin-doctoring before the storm! If the charges are so trivial why don't the CCWIPP boys tell us what exactly they are and who exactly has been charged? We'll find out soon enough and we'll make sure everybody else does. _________________ Time is on the side of the oppressed today, it's against the oppressor. Truth is on the side of the oppressed today, it's against the oppressor. You don't need anything else. - Malcolm X
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wm pasz	Posted: Wed Jun 28, 2006 8:46 pm
Joined: 29 Jan 2006 Posts: 1219 Location: Toronto	Check out the CCWIPP boys' new lawyers: Quote: The firm's practice is restricted to criminal law. The firm has extensive experience defending allegations of white-collar crime. It also has wide experience in the defence of homicide and sexual assault cases. Its aim is to provide expert legal advice and skilful representation of its clients' interests in the criminal courts. Professional integrity underlies every decision the firm makes on a client's behalf. "We're not crooks and our union doesn't suck!" _________________ Time is on the side of the oppressed today, it's against the oppressor. Truth is on the side of the oppressed today, it's against the oppressor. You don't need anything else. - Malcolm X
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SharynS	Posted: Wed Jun 28, 2006 8:53 pm
Joined: 28 Jan 2006 Posts: 2939 Location: the 'puter	Quote: The regulator's report confirms that there was no evidence to support allegations that Trustees benefited personally, received improper payments or committed fraud. Did someone say there was? Why or how could the fsco confirm or deny such a thing? It's mandate is pension fund irregularities, seems they found those. But criminal activity, your frauds and thefts and improper compensation would be out of it's jurisdiction, no? Criminal activities come under law enforcement jurisdiction right? I'm with you wm, if the charges aren't anything earth shattering, just your regular run of the mill everyday massive pension fund mismanagement type charges then let's hear them and get this mess cleared away. _________________ Free speech is the whole thing, the whole ball game. Free speech is life itself. - Salman Rushdie
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weiser	Posted: Wed Jun 28, 2006 10:05 pm
Joined: 30 Jan 2006 Posts: 190 Location: Chilliwack	You'll notice that the CCWIPP thinks the Mike boy is still running the show: http://www.ccwipp.ca/board/index.html
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Pearson	Posted: Thu Jun 29, 2006 1:16 am
Joined: 03 Feb 2006 Posts: 1417 Location: Sun City AZ	Quote: You'll notice that the CCWIPP thinks the Mike boy is still running the show: So what do you think the odds are Mikey left because they knew this mess was coming down? Seems way too coincidental to me. I was reading around on their site and saw their statements regarding how pure they are now. Makes ya wonder, when they began to get their act together? I especially liked the conflict of interest statement. And, the explanations on the Caribbean properties was to die for. _________________ If we don't do it, who will?
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Elvis	Posted: Thu Jun 29, 2006 1:46 am
Joined: 01 Feb 2006 Posts: 661 Location: Toronto	Pearson wrote: So what do you think the odds are Mikey left because they knew this mess was coming down? Seems way too coincidental to me. Here's one for you Bill... the mondo head shop-steward gets a phone call a couple weeks back... out of the blue and about a year and a half too late. Forget the obvious 'fishing for info'. Forget the fact the call was not made from the office, cell or home phone. Forget the lack of mentioning or asking about me (I'm so offended! ) But good 'friendly' advice was given... Basically a) look into your Canada Pension Plan and b) find out if Local 75 (the old mondo reps) owe you pension cash. There wouldn't be a problem with the UFCW pension plans, would there? There wouldn't be a little concern among the fringe players in everything going on, would there? P.S. to the boys: She just moved. You were lucky to get that last phone call in! But you can always say hello to me and I can give you the new number. I am rather nice and I pinky swear not to record the call like those other bad people might. Paranoia is fun, ain't it?? _________________ Henri Ducard: Your compassion is a weakness your enemies will not share. Bruce Wayne: That's why it's so important. It separates us from them.
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Elvis	Posted: Thu Jun 29, 2006 6:11 am
Joined: 01 Feb 2006 Posts: 661 Location: Toronto	Quote: The defendants or their legal representatives are scheduled to make their first appearance at Old City Hall court July 26. Book your day off now, wm. This will be better than a summer concert!! Trustees charged in pension case Damn, I love the internet. I get to read the morning paper at 1am. Goes damn well with this Molson Dry. _________________ Henri Ducard: Your compassion is a weakness your enemies will not share. Bruce Wayne: That's why it's so important. It separates us from them.
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SharynS	Posted: Thu Jun 29, 2006 11:03 am
Joined: 28 Jan 2006 Posts: 2939 Location: the 'puter	Thanks E, I thought I would have to wait 'til the end of the day. Damn, I love the internet too! _________________ Free speech is the whole thing, the whole ball game. Free speech is life itself. - Salman Rushdie
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Pearson	Posted: Thu Jun 29, 2006 1:04 pm
Joined: 03 Feb 2006 Posts: 1417 Location: Sun City AZ	WOW Looks like we are going to see more opportunities for UFCW leaders to do their Dick Nixon imitation..."I am not a crook." At least a couple of them should be able to get their jowels a shakin as well. Wonder if they wanna do the two fingered peace sign as well. Funny too, this article doesn't read at all like the press release they have posted on their site. Wonder if its the same story? _________________ If we don't do it, who will?
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Elvis	Posted: Thu Jun 29, 2006 5:58 pm
Joined: 01 Feb 2006 Posts: 661 Location: Toronto	The CBC has chimed in on the story... 10 supermarket, union executives charged with pension mismanagement I wonder if the CBC is going to start taking more of an interest in this national story as it begins to snowball? Maybe RCMP charges will be the final prod needed. _________________ Henri Ducard: Your compassion is a weakness your enemies will not share. Bruce Wayne: That's why it's so important. It separates us from them.
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Pearson	Posted: Thu Jun 29, 2006 7:27 pm
Joined: 03 Feb 2006 Posts: 1417 Location: Sun City AZ	As i read these two stories of "mismanagement" i was stunned when it dawned on me the irony of the charges. How odd, upper management folks being duped by union guys to invest in questionable properties. Seemed hard to believe. Were these trustees from the management side of the table that naive? Were the labor guys so smart they just overwhelmed the HR folks with shady reports of due diligence? Did one of the unions trustees just pat them on their big behinds and give them a wink and a nod? Were there whispered pledges of "not to worry?" Stop and think about this: I hate to say it, but usually the folks on the management side of the table are smarter (at least educationally). They most assuredly should have a better handle on the legal aspects of their positions as trustees. And, most importantly, they have nothing to gain by turning over plan assets to a convicted pedophile ex-priest. So what gives? Why are these bastions of business suddenly being dragged down the sewer with the boys from the labor side of the table? Easy, it's called trade offs. Management, in way too many trust funds, allows the union to run them. Many management trustees i have seen hate the idea of one more job to do. They know they need to be on the fund, but they don't want it to become more work than the occassional trust fund meeting. Dishing it off to the union leader, who has a vested and personal interest in using it to make members happy is just fine. By giving the union leader that kind of control, the employer sees a quid pro quo...you scratch mine, i'll scratch yours. Nice. Nice other than the fact responsibility ultimately falls on all trustees shoulders. In this case, ignorance is neither bliss nor a good defense. As this unfolds, it will be interesting to see if management trustees circle the wagon or look to play "Lets Make A Deal." _________________ If we don't do it, who will?
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wm pasz	Posted: Thu Jun 29, 2006 8:59 pm
Joined: 29 Jan 2006 Posts: 1219 Location: Toronto	You've hit the nail right on its ugly pointy head BP. My take on the management trustees is that these trustees appointments were "perks" that came with their jobs. They got to go to some meetings, attend some lavish conferences in exotic locations and add "trustee of largest multi-employer pension plan in Canada" to their resumes. That's the way employer trustees tend to view these positions. Why'd they let the union guys go nuts with the money even though they must have been smart enough to know that a shitload of laws were being broken? In my opinion, there was a quid pro quo involved in this: The union guys would make nice at the bargaining table and the management guys would reciprocate by looking the other way on the harebrained pension investments. Their pension contributions were buying a decade of concessions and Cliff and boys could what the f*k they pleased with the money once it went into the plan. The normally cautious management types believed that no one would ever find out what was going on and - if it weren't for a couple of people with inquiring minds and a very active Internet connection nobody ever would have. The pension fleecing would be going on to this day and, with the thousands of new members coming into the plan who will never become vested (because of the concessionary wages which are sure to drive staff turnover in the grocery stores) and increased employer contributions, it could have gone on for f*king years - maybe decades. These pigs never dreamed that what Cliff and his crew were up to would become public or that the public exposure would put the regulator (usually very trustee-friendly) in a position where it would actually have to enforce the law. It's a great day for Internet-empowered shitdisturbers! _________________ Time is on the side of the oppressed today, it's against the oppressor. Truth is on the side of the oppressed today, it's against the oppressor. You don't need anything else. - Malcolm X
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wm pasz	Posted: Fri Jun 30, 2006 2:53 am
Joined: 29 Jan 2006 Posts: 1219 Location: Toronto	The charges _________________ Time is on the side of the oppressed today, it's against the oppressor. Truth is on the side of the oppressed today, it's against the oppressor. You don't need anything else. - Malcolm X
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