10/19/07

Ex-Treasurer of gov't union in $470K embezzlement

A former treasurer for the Portland, Oregon-area TriMet union is being sued for allegedly embezzling $470,000 to feed his gambling addiction.

In a lawsuit filed Wednesday in Multnomah County Circuit Court, the Amalgamated Transit Union, Local 757, is suing Thomas V. Wallace for misappropriation and breach of fiduciary obligation.

The union represents about 2,000 TriMet employees and other Oregon transit workers. According to news reports, the alleged theft from a union-run program for elder and child care was discovered two years ago. During an initial investigation, union officials said Wallace produced false paperwork to cover his tracks. But they say a massive embezzlement scheme was eventually uncovered.

The lawsuit, filed by lawyer Gregory Hartman, seeks $469,413.89 that Wallace allegedly stole, plus interest and $20,000 for investigative costs. Wallace, 50, could not be reached for comment.

(wweek.com)

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