『The Union President, the Storm Drain Ledger, and $3.4M Missing』のカバーアート

The Union President, the Storm Drain Ledger, and $3.4M Missing

The Union President, the Storm Drain Ledger, and $3.4M Missing

無料で聴く

ポッドキャストの詳細を見る
The Union President, the Storm Drain Ledger, and $3.4M Missing

A storm drain held a dry, spiral-bound ledger whose pages had somehow avoided three days of April rain and would unravel $3.4 million missing from a union pension over twelve years. How did an ordinary line item called "administrative overhead - document storage" and a mound of routine payments hide a scheme that quietly shrank 1,400 retirements by an average of 8%?

In this episode, we follow the discovery that set investigators moving backward through years of routine bookkeeping, pension audits, and certified checks to ask how a system of everyday trust could be weaponized so effectively. What single move finally broke the machinery and revealed where the money had gone?

Person: Larry Foster
Person: Frank Odom
Person: Gail Henderson
Person: James Loftus
Amount: $3.4 million

- The ledger was found at 6:40 AM on April 9, 2011, four miles into Earl Gardner's run through Kellerman Park.
- Local 228 had roughly 1,400 members whose pensions were reduced by an average of 8% by November 2011.
- Gail Henderson was hired in spring 1992 and maintained two sets of books for over eleven years.
- The ledger storage expenses were logged as "administrative overhead - document storage" at $400 to $600 per month.
- Nine contractors paid Riverside Advisory Group a combined $42,000 per month in certified checks beginning February 2011.

To listen to this podcast ad-free and access premium episodes, try our subscription with a 14-day free trial at obomedia.com.

© 2026 OBOMEDIA. All rights reserved.
This episode and its content (audio, text, and related materials) are the exclusive property of OBOMEDIA and are protected by applicable copyright laws. Reproduction, distribution, editing, or commercial use, in whole or in part, without prior written permission from OBOMEDIA is prohibited. For permissions, licensing, and business inquiries: business@obomedia.com.
adbl_web_anon_alc_button_suppression_t1
まだレビューはありません