For George Laufenberg, there seemingly were no limits when it came to his pay. That’s why he’s no longer getting paid. On September 27, Laufenberg, former benefit funds administrator for certain New Jersey and New York affiliates of the United Brotherhood of Carpenters and Joiners, was indicted by a Newark federal grand jury on five counts related to his stealing more than $1.5 million in dues-funded plan assets. Alleged offenses include embezzling from an annuity fund, hiring a friend for a virtual no-show job, and concealing such schemes in a financial report. His attorney insists that his client is innocent. The indictment follows an investigation by the U.S. Labor Department’s Office of Inspector General and Employee Benefits Security Administration, plus the Port Authority of New York and New Jersey.
George Laufenberg, now 69, a resident of Harvey Cedars (Ocean County), N.J., had it pretty good for a while. He managed … Read More ➡