UAW Vows “Top-to-Bottom” Financial Review
The United Auto Workers union promises a sweeping review of its financial and accounting procedures amid a federal corruption probe that has netted 10 guilty pleas to date.
The United Auto Workers union promises a sweeping review of its financial and accounting procedures as federal prosecutors continue a UAW-focused corruption probe that has netted 10 guilty pleas to date.
Ray Curry, the union’s secretary-treasurer, promises a “top-to-bottom” assessment, a new accounting firm and an expanded and better trained financial staff.
The review, which began last spring, encompasses UAW headquarters in Detroit along with its regional offices, political action committees and the Black Lake Education Center and adjoining golf course in upper Michigan.
Several current and former UAW executives—including President Gary Jones, who resigned in November—have been indicted or are being investigated for mail and wire fraud, embezzlement, conspiracy and/or money laundering.
Curry says the union already has hired four more auditors and retained Deloitte Touche Tohmatsu Ltd. to assess all accounting and financial processes.
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