The NYPD’s Sergeants Benevolent Association is hiring an independent accounting firm to review its finances within the wake of the federal probe into its embattled chief for allegedly misspending union funds, The Post has discovered.
Vincent Vallelong, the union’s new president following former head Ed Mullins’ resignation mentioned in a memo dispatched to members Friday evening that the SBA is within the means of tapping an outdoor accounting firm “to conduct a complete and thorough forensic accounting of our books and records” with out elaborating additional.
The union’s “annuity” and “health and welfare” funds weren’t compromised “and remain fully funded, and all member benefits remain unaffected and “in place” mentioned Vallelong, including that the union’s monetary obligations are being met.
And he mentioned negotiations with the town on a brand new contract are persevering with and that the union has “no reason to believe” its ongoing arbitration for a 2.25 % differential being paid to different cops, together with lieutenants and captains, “will not go forward.”
Mullins resigned Tuesday evening after FBI brokers raided SBA workplaces in Manhattan and his dwelling in Port Washington, Long Island, earlier within the day.
The FBI has refused to elaborate on the character of the probe, however a high-ranking regulation enforcement official has mentioned the investigation concerned suspicions of mail and wire fraud, or misappropriations of SBA funds.
A police officer since 1982, Mullins rose to sergeant in 1993 and was elected president of the sergeants union in 2002. The SBA represents about 13,000 lively and retired NYPD sergeants and controls a $264 million retirement fund.
During his tenure because the SBA head, the bombastic union chief has fought for higher pay for members — whereas additionally publicly sparring with metropolis officers, together with Mayor Bill de Blasio, over police reform and different points.
He landed in scorching water final 12 months for tweeting the unredacted arrest report of the mayor’s daughter, Chiara de Blasio after she was busted throughout George Floyd protests in Manhattan.
Mullins was slapped with NYPD disciplinary prices for releasing the paperwork and for different tweets by which he referred to as a metropolis official and a metropolis council member a “bitch” and a “first class whore,” respectively.
The case went to trial in September however was placed on maintain when one in all Mullins’ attorneys skilled an unspecified medical emergency. It’s set to resume on Oct. 27.