NASPSO UNION - NASPSO PENSION FUND and NASPSO HEALTH PLAN and TRUST
$95,000 Missing From NASPSO Pension Fund!
Gray - Burriss of 3838
Carpenter Street SE
Washington DC 20020
and NASPSO With various charges including:
1. Failing to hold plan assets in trust.
2. Failing to discharge their fiduciary duties with respect to the Pension Plan solely in interest of the participants and beneficiaries.
3. Failing to discharge their fiduciary duties with respect to the Pension Plan with care, skill, prudence, and diligence under the circumstances then prevailing that a prudent person acting in a loike capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims.
4. Caused the Pension Plan to engage in transactions which they knew or should have known, constituted the direct or indirect transfer of Pension Plan assets to, or use of Pension Plan assets by or for the benefit of, parties of interest.
5. Delt with assets of the Pension Plan in their own interest or for their own account.
6. Failing to bond every fiduciary and every person who handles funds.
THE MONEY TRAIL
Since September 2004 -Twenty one (21) withdrawals were payable to CASH - FIVE (5) to Caleb A. Gray - Burriss and Eleven (11) payable to NASPSO
“The egregious and illegal behavior demonstrated by Burriss and NASPSO required swift and immediate action to preserve plan assets,” said Mabel Capolongo, regional director of the Philadelphia office of the EBSA. “Those who hold positions of trust with employee benefit plans must act in the best interest of the plan and its participants.”
Filed in the U.S. District Court for the District of Columbia, the temporary restraining order immediately removes Burriss and NASPSO from their positions with the plans; bars them from having control or decision-making authority over the assets of any employee benefit plan; and freezes all accounts of Burriss and NASPSO that contain plan assets until a court decision is issued.
The investigation, conducted by the Washington, DC district office of the department’s Employee Benefit Security Administration (EBSA), revealed that the defendants violated the Employee Retirement Income Security Act (ERISA) by making numerous, ongoing withdrawals from NASPSO’s pension plan account starting in September 2004. To date, Burriss and NASPSO have not accounted for approximately $95,000 in withdrawals from the pension account.
Source U.S. Department of Labor
Office of Labor Racketeering and Fraud Investigations
Thomas F. Farrell, Assistant Inspector General
Richard S. Clark, Deputy Assistant Inspector General
200 Constitution Avenue, NW
Washington, DC 20210
Telephone: (202) 693-5229
Washington, DC Regional Office
Robert L. Panella, Special Agent-in-Charge
800 North Capital St.
Washington DC 20211
Telephone: (202) 515-2600
Philadelphia Regional Office
William F. Turpin, Special Agent-in-Charge
150 S. Independence Mall West
Philadelphia, PA 19106
Telephone: (215) 446-3755
What You Can Do to Help Protect the Missing
NASPSO Pension Money.
Contact the Office of Labor Racketeering
and Fraud Investigations and ask that CRIMINAL CHARGES be broughtAGAINST Caleb A.
Gray - Burriss
and NASPSO based on the Department of Labor Investigation.
166 Security Police Professionals Working at the U.S. Dept of Labor OverwhelminglyREJECT Caleb A. Gray Burriss and NASPSO in an NLRB Election held on November 7th after Learning about the Members Missing Pension Money.
115 Officers at the Patent and Trade Building in Washington D.C. are voting on November 26th to DECERTIFY Caleb A. Gray Burriss and NASPSO as their Representative.