The NYPD’s Sergeant Benevolent Association is hiring an independent accounting firm to review its finances in the wake of a federal investigation into its embattled leader for allegedly mishandling union funds, The Post has learned. Is.
Following the resignation of former chief Ed Mullins, the union’s new president, Vincent Vallelong, said in a memo sent to members Friday night that the SBA is in the process of tapping an outside accounting firm “to conduct a complete and thorough forensic accounting of our books and records.” To operate” “without elaboration.
The union’s “annuity” and “health and wellness” funds were “not compromised” and remain fully funded, and all member benefits remain unaffected and “in place,” Valelong said, adding that the union’s Financial obligations are being met.
And he said talks with the city on a new contract are ongoing and that the union has “no reason to believe” that ongoing arbitration to pay the 2.25 percent difference to other police officers, including lieutenants and captains, “does not proceed.” will go”. “
Mullins resigned Tuesday night after FBI agents raided SBA offices in Manhattan and his home in Port Washington, Long Island, earlier in the day.
The FBI declined to elaborate on the nature of the investigation, but a highly placed law enforcement official has said the investigation includes suspicion of mail and wire fraud, or misappropriation of SBA funds.
A police officer since 1982, Mullins became a sergeant in 1993 and was elected president of the Sergeant Union in 2002. The SBA represents approximately 13,000 active and retired NYPD sergeants and controls a $264 million retirement fund.
During his tenure as SBA chief, the bombers union chief has fought for better pay for members – while also publicly feuding with city officials, including Mayor Bill de Blasio, over police reform and other issues.
He landed in hot water last year after the mayor’s daughter, Chiara de Blasio, busted during a George Floyd protest in Manhattan.
Mullins was slapped with NYPD disciplinary charges for releasing paperwork and other tweets in which he called a city official and a city council member a “bitch” and a “first-class prostitute,” respectively.
The case was heard in September, but was halted after one of Mullins’ attorneys experienced an unspecified medical emergency. It is set to resume on 27 October.