Former Union President Charged With Embezzling Union Funds
Anchorage, Alaska – U.S. Attorney Karen L. Loeffler announced today that a Wasilla man was charged with embezzling and misusing funds belonging to Alaska Railroad Workers Union Local 183. Jeffrey Davies was the President of the Union between 2011 and 2014. The federal indictment alleges that Davies stole more than $100,000 in union funds in the form of cash withdrawals, checks and by paying for personal expenses with a union debit card.
Davies, 41, was indicted by a federal grand jury of one count of embezzling labor union assets. The case will be set for arraignment in federal court in the coming weeks. According to First Assistant U.S. Attorney, Kevin R. Feldis, the maximum penalties for this offense include up to five years in prison and a $250,000 fine.
Mr. Feldis noted that “the charges in this case are a good reminder to all organizations that they should have processes in place to safeguard against potential theft and misuse of funds, including performing regular internal audits and requiring multiple officials to be involved in financial oversight. I commend the FBI and the U.S. Department of Labor for their investigation of this case.”
An indictment is only a charge and is not evidence of guilt. A defendant is presumed innocent and is entitled to a fair trial at which the government must prove guilt beyond a reasonable doubt.