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Extensive public records search leads to pension fund fraud stories
- Article from:
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Investigative Reporters and Editors, Inc. The IRE Journal
- Article date:
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September 1, 2001
- Author:
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Copyright informationCopyright Investigative Reporters & Editors Sep/Oct 2001. Provided by ProQuest LLC. (Hide copyright information)
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Last fall, the Boston Herald published two series detailing the public transit employees' pension fund giving $7 million in loans to a notorious arsonist with longstanding ties to fugitive gangster James J. "Whitey" Bulger. By reproducing actual checks and citing invoices, we showed that the arsonist was providing apparent kickbacks to the executive director and the chairman of the pension fund at the time the loans were made.
When the Herald exposed that Massachusetts Bay Transportation Authority pension fund officials had bankrolled a racketeer, the attorney general and the U.S. attorney launched investigations of their own. The reports also forced the executive director, John J. ...