NBC Evening News for Monday, Aug 09, 1976
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(Studio) Reporter notes controversy surrounding Teamster Union's Central States Pension Fund.
REPORTER: David Brinkley
(DC) New federal investigations seem to have forced house cleaning of Teamster fund. Fund administration Dan. Shannon says he has backing of most of fund trustees to purge organized crime interests from fund. Shannon has already given documents with regard to pension fund loans to federal grand jury investigators. Strong pressure being applied to Ohio Teamster boss William Presser to retire as chairperson of board. Presser's background and action in recent Labor Department probe of fund noted. Teamsters go to court today against insurance man Allen Dorfman, who also had organized crime ties. Teamsters claim one of Dorfman insurance agencies defrauded pension fund of $1.2 million. Admin. Shannon goes Washington, DC to report changes in fund to IRS. If IRS doesn't reinstate fund tax-exempt status, it may go out of business, according to Teamster officials.
REPORTER: Brian Ross