Probe details in Teamsters pension fund loan kickback probe
Justice Department and Internal Revenue Service investigators probe alleged kickbacks tied to loans from the Teamsters Union pension fund, a Chicago administered fund with over 700 million dollars outstanding, sources say. The case before a federal grand jury targets undisclosed agents and fund managers as investigations widen across the United States Southeast and Southwest regions.
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Witnesses Testify in Broad Case Linked to Pension Fund
District Court filings name Perris E Taylor questioned about payments to obtain a loan from a Teamsters pension fund and kickbacks to an agent. Sources say testimony and documents are forwarded to the IRS for an ongoing investigation involving Telesis Corp. of Evansville Indiana. Samuel Blonk also granted immunity and is said to be from Indiana.
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Telesis Corp
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Samuel Blonk
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