OH WHERE OH WHERE HAS MY PENSION MONEY GONE

OH WHERE OH WHERE HAS IT GONE.

45 UBC CARPENTERS FUNDS AND 13 TEAMSTERS FUNDS IN ULLICO J AND ITS FRONT MEPTS NEWTOWER

2000-ULLICO TOTAL ASSETS DECLINED $537.3 MILLION BETWEEN DECEMBER 1999 AND JUNE 200

2000-ULLICO STOCKHOLDERS LOST $375 MILLION IN THE FIRST 6 MONTHS

YET UBC MULTI EMPLOYER FUNDS HAVE BEEN FORCED TO PUT HUNDREDS OF MILLIONS OF THEIR FUND MONEY IN ULLICO

2002-ULLICO Inc. experienced a loss of $25.2 million in the third quarter of 2002, on top of an $8.7
million loss in the second quarter and $8.5 million loss in the first quarter. The total consolidated net loss
for the nine months ending September 30, 2002, was $42.4 million

2002-Total assets declined $93.7 million during the first nine months of 2002

2002-Total stockholders’ equity declined $66.8 million during the first nine months of 2002

YET UBC MULTI EMPLOYER FUNDS HAVE BEEN FORCED TO PUT HUNDREDS OF MILLIONS OF THEIR FUND MONEY IN ULLICO

2003 -DOUG MCCARRON INVOLVED IN YET ANOTHER ULLICO FRAUD.DOUG MCCARRON SUBPOENAED BY A GRAND JURY.MCCARRON DEMANDS THE UBC LAW FIRM OF DECARLO AND CROOKED TEETH TO BE HIS LAWYERS

2003-THE UBC,DOUG MCCARRON AND UBC HACK LAWYER JOHN DECARLO INVESTIGATED BY THE DEPARTMENT OF LABOR FOR POSSIBLE FRAUD IN THE UNITED AUTO WORKERS STOCK PURCHASE AND HAMILTON LANE SCAM.DECARLO DEPOSED BY THE DEPARTMENT OF LABOR.

2003-UBC PENSION FUND INSURANCE BROKER MARSH USA INC. DECLARES ULLICO DOES NOT MEET THE CRITERIA FOR A COMPANY WITH WHO THEY WOULD DO BUSINESS. THE TRUSTEES ARE ADVISED TO PULL OUT 50% OF THEIR SEPARATE J DIVERSION OF FUND MONIES

2003-UNION GENERAL PRESIDENTS EXPRESS THEIR CONCERN OVER ULLICO
2003- “Accordingly, we are greatly concerned with company and other reports that raise serious questions about the ongoing financial viability of ULLICO Inc. and its subsidiaries”.

2003-“The jeopardy the company faces from the Maryland Insurance Commission, a
grand jury, the SEC, and the Department of Labor; I believe that most directors do not understand the number,
scope, and severity of investigations”

February 2003-
four years of losses in insurance lines totaling $280 million
projected loss in 2003 of [20-300 million?]
WHAT IS THE ANSWER?? TO STEAL MORE MONEY FOR UNION MEMBERS FUNDS

“Another key issue is the status of
ULLICO’s operating capital. We will explore possible sources in the longer
term of investment capital, such as additional investments from union
related pension funds.”

YET UBC MULTI EMPLOYER FUNDS HAVE BEEN FORCED TO PUT HUNDREDS OF MILLIONS OF THEIR FUND MONEY IN ULLICO

2004-SELF-DEALING AND BREACH OF DUTY AT ULLICO INC
REPORT PREPARED BY THE COMMITTEE OF GOVERNMENTAL AFFAIRS UNITED STATES SENATE

1. ULLICO’s Employment and Business Dealings with Robert
Georgine’s Relatives

During his chairmanship of ULLICO, Georgine used the company to provide employment to at least four of his relatives: his daughter, two sons-in-law, and a nephew
In addition to his base salary of $650,000 per year, Chairman and CEO Robert Georgine claimed approximately $20 million in stock profits, bonuses, and benefits between 1998 and 2001. Four other senior ULLICO executives received
more than $9 million in stock profits, bonuses, and benefits over the same time
period.
2. The ULLICO Corporate Jet
As ULLICO’s businesses were struggling, as the unrealized gains from Global Crossing stock were disappearing, and as certain of ULLICO’s senior executives including DOUG MCCARRON were enriching themselves with special opportunities to dump their ULLICO stock at inflated
prices—the company decided to lease an expensive corporate jet.
3.ULLICO’s Board of Directors was large.
It consisted of 28 current and formerlabor leaders
(WHO DIVERTED HUNDREDS OF MILLIONS OF THEIR MEMBERS MONEY TO ULLICO)

4. ULLICO spent almost $14 million on legal, consulting, and lobbying fees to deal
with the multiple investigations
spawned by the stock transactions.
The company
spent more than $2 million on the Thompson investigation. Then they spent twice
as much, more than $4 million, on representation of individuals investigated

YET UBC MULTI EMPLOYER FUNDS HAVE BEEN FORCED TO PUT HUNDREDS OF MILLIONS OF THEIR FUND MONEY IN ULLICO

2012- INVESTORS WERE LINED UP DEMANDING THE RETURN OF $1.6 BILLION DOLLARS OF THEIR MONEY FROM THE ULLICO SEPARATE J ACCOUNT
YET UBC MULTI EMPLOYER FUNDS HAVE BEEN FORCED TO PUT HUNDREDS OF MILLIONS OF THEIR FUND MONEY IN ULLICO

2013
ULLICO CASUALTY LIQUIDATED BY THE STATE OF DELAWARE

March 11, 2013,- Ullico Casualty Company
the Court signed a Rehabilitation and Injunction Order

JULY 7, 2013
Delaware Rehabilitation &
Liquidation Bureau
Company Name:
Ullico Casualty Company in Liquidation
Date of Rehabilitation: March 11, 2013
Date of Liquidation: May 30, 2013

ULLICO CASUALTY filed its
annual statutory financial statement for the fiscal year ended December 31, 2012, on
March 1, 2013.
ULLICO CASUALTY reported its
surplus as regards policyholders as of
December 31, 2012, as approximately
negative $52,000,000
.
YET MULTI EMPLOYER FUNDS HAVE BEEN FORCED TO PUT HUNDREDS OF MILLIONS OF THEIR FUND MONEY IN ULLICO

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