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Fairfield, Connecticut, Company and Officers Charged in DOL Lawsuit with Misuse of Employee Pension Plan Funds
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] 
Mar. 15, 2000 "We charge in our suit that [the retirement plan sponsor's president and vice president] caused the pension plan to loan to [the plan sponsor] at least $484,800 in plan assets, which loan has never been repaid. We further allege that both defendants caused the plan to distribute at least $158,050 in plan assets to [the plan sponsor's president], in violation of the plan's own rules." MORE >> |
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