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Teamsters / Pension Taxes / IRS / Provenzano #488897

NBC Evening News for Tuesday, Jun 29, 1976
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(Studio) Teamsters Union ordered to pay income taxes on its biggest pension fund, retroactive to 1965. IRS (Internal Revenue Service) says Teamsters' central states pension fund guilty of mismanagement and its exemption from income taxes revoked. Method of payment noted.
REPORTER: David Brinkley

(DC) Teamster President Frank Fitzsimmons won't talk to reporters about IRS action.
REPORTER: Brian Ross

(Las Vegas, NV) June 14 film shows Teamster convention [FITZSIMMONS - says millions of Americans would love to participate in Teamsters' pension plan.]
REPORTER: Brian Ross

(Chicago, Illinois) IRS (Internal Revenue Service) notified union of action at pension fund headquarters last night. Federal investigators believe much of pension funds got into hands of those linked with organized crime.
REPORTER: Brian Ross

(Las Vegas, NV) $200 million of fund invested in Las Vegas motels and gambling casinos.
REPORTER: Brian Ross

(DC) Casino operator, Allan Glick, received $145 million in Teamster pension fund loans. His relations with union is subject of 5 federal and state investigations.
REPORTER: Brian Ross

(Deming, NM) Fund lost $6 million here in loans to plastic pail company, now bankrupt and with ties to Chicago Mafia.
REPORTER: Brian Ross

(No location given) [Teamster reformer Arthur FOX - says reform action is belated but welcome.]
REPORTER: Brian Ross

(DC) Union officers study IRS (Internal Revenue Service) charges at headquarters Pension fund will be put out of business if ruling sticks.
REPORTER: Brian Ross

(Studio) Move was federal government's hardest blow at Teamsters since it put James R. Hoffa in prison. Teamster representative Anthony Provenzano indicted for conspiracy to murder. FBI found witness against Provenzano, Salvatore Sinno, who has been hiding for years under assumed name.
REPORTER: David Brinkley

Brinkley, David;
Ross, Brian

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