Hoffa was one of the last owners of Blue coal. It went like this... Gilliens and cleveland were selling blue coal, James Durkin was interested but he couldnt raise the capital so he approached Hoffa to borrow needed funds from the teamsters pension fund. Hoffa came on instead as an silent owner with controlling interest and held a 50% ownership. Durkin held 40% while Gilliens Cleveland retained the other 10%. There intent was to sell off its assets to outside companys, as well as legit and shell companys owned by Durkin and dump the employees on the state unemployment rolls. Blue Coal went into bankrupcy in '76 and was tied up in court thru 92 when the earth concervency was formed. There is alot more to this. I actually have copys of the court procedings if you are interested.
_________________ My aim, when I built my car was to scare the hell out of myself, its the type of vehicle that were I to park in front of your house, your lawn would die
|