UAW President Gary Jones' associate charged in embezzlement scandal: report
Jones' own home home was raided by the feds in August.
GM-UAW contract approved, ending the strike
FOX Business’ Grady Trimble reports the United Auto Workers strike against General Motors has ended after six weeks with workers voting to approve a new contract. Then, ‘The Car Coach’ Lauren Fix joins a ‘Bulls & Bears’ panel to analyze the deal.
A top associate of United Auto Workers President Gary Jones was charged with conspiracy to embezzle union funds and conspiracy to defraud the U.S., making him the 12th person charged in a single federal investigation, The Detroit Free Press' Robert Snell reported on Thursday.
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Edward "Nick" Robinson is the official close to Jones, whose own home was raided by the feds in August.
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In a statement to FOX Business the UAW said:
"We take any allegation or claim about the misuse of union resources very seriously. The UAW is grounded in the principle of putting our members first, and that belief has never wavered. The UAW remains focused on negotiating and finalizing strong contracts for our members--especially during this round of auto negotiations."
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| GM | GENERAL MOTORS COMPANY | 49.97 | -1.56 | -3.03% |
| F | FORD MOTOR COMPANY | 9.83 | -0.34 | -3.34% |
| FCAU | FIAT CHRYSLER AUTOMOBILES N.V. | 15.23 | -0.79 | -4.93% |
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The news comes shortly after the UAW ended a roughly six-week-long strike against General Motors. This week, it also reached an agreement with Ford.
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*The story has been updated to include the UAW's statement.