Four current and former members of the Correction Officers Benevolent Association are again suing the union’s board of directors and its president, Elias Husamudeen, alleging that they failed to properly vet investment schemes by former COBA President Norman Seabrook that drained tens of millions of dollars from the union’s annuity and general funds.
The suit is further fallout from Mr. Seabrook’s attempt to secure an ill-gotten payday while union president by investing in a high-risk hedge fund that eventually went belly up. The 21-year union leader was indicted in June 2016 on fraud charges and sentenced to five years of prison in February for accepting a $60,000 payoff in return for the $20 million investment.
This item is available in full to subscribers.
We have recently launched a new and improved website. To continue reading, you will need to either log into your subscriber account, or purchase a new subscription.
If you have an active digital subscription, then you already have an account here. Just reset your password, if you've not yet logged in to your account on this new site.
If you are a current print-only subscriber, and want access to our website,click here to view your options for changing you subscription level.
Otherwise, click here to view your options for subscribing.
Please log in to continue |
