News Flash - Brick-Toting Boilermaker Beats Whistle Blower
November 3, 2003
A union boilermaker reportedly smashed a brick into the head of a Putnam Investments phone operator earlier this year, worried that the man was about to report the union's questionable stock-trading practices to the Securities and Exchange Commission. The alleged assailant entered the office with his Boilermakers Union Local 5 sweatshirt and a New York Yankees cap, and promptly knocked the man unconscious with the brick while yelling, "Shut the f--- up!"
Despite the threatening actions and words, the rep, Peter Scannell, went ahead with a complaint to the SEC about the trades, and when it went unanswered, he brought it to the Massachusetts securities division. In 30 months using market timing, the union reportedly made $2 million profit, with one union member alone reaping $1.5 million.
No one has been charged in the assault on the phone rep.
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