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Feds probing powerful union for NYC jail guards
U.S. News & World Report: NEW YORK (AP) — Federal investigators are looking into the financial records and other documents of the powerful union representing New York City's 9,000 jail guards, the union's president and its law firm confirmed Wednesday to The Associated Press.
Manhattan U.S. Attorney Preet Bharara's office appears to be focusing in part on claims in a union official's lawsuit alleging the improper investment of union funds. Among the allegations in the lawsuit is that Correction Officers' Benevolent Association President Norman Seabrook made a risky $5 million investment into an unnamed hedge fund last year without union board approval.
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