The Concrete Slab That Hid a Union Pension Scam and a Silent Conduit
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The Concrete Slab That Hid a Union Pension Scam and a Silent Conduit
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When a city surveyor found a twelve-by-twenty-foot concrete slab with a capped PVC conduit pointing toward a refrigerated warehouse, it hid more than construction fraud - it was the tip of an eleven-year scheme that siphoned pension money and prepared a silent data conduit. How did a pension trustee, a bookkeeper with secret copies, and an untraceable consulting shell stay hidden while retirement funds were drained?
In this episode, we follow the discovery on a Tuesday morning in April 2009 and the state attorney general's subsequent investigation that tied a Midwestern freight broker, union officials, and offshore-like consultants to a long-running theft of union pension assets. What records, people, and physical evidence finally pulled the operation into the light?
Person: Jean Dalton
Date: April 2009
Location: Crestfield industrial right-of-way
Person: Grant Perry
Person: Sandra Hicks
- A concrete slab measured twelve feet wide and twenty feet long hidden beneath a thin skin of gravel.
- The capped PVC conduit ran sideways toward Renner Logistics with no equipment inside it yet.
- Grant Perry was fifty-six years old and had been a pension trustee for Inland Freight Workers Local Two-Twenty-Eight for eleven years.
- Sandra Hicks joined the union as bookkeeper in 1994 and by early morning before a subpoena had the second set of books visible on her laptop.
- The Local Two-Twenty-Eight pension fund reported returns of between six and eight percent for fiscal year 2008 despite equity markets losing more than a third of their value that year.
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