September 22, 1994
A labor leader has been indicted for allegedly
taking a bribe to sink $8 million of his union's pension funds
in a real estate empire that went bankrupt.
Dominick Lopreato of the Laborers' International
Union conspired with Colonial Realty Co. founders Benjamin Sisti
and Jonathan Googel to conceal the $345,000 bribe after the company's
collapse attracted federal investigators, according to a federal
indictment made public Wednesday.
Sisti and Googel pleaded guilty to fraud
charges in 1993 and are cooperating with prosecutors.