Man Convicted For "Shorting" Longshoreman's

December 23, 2002 ( - A Colorado man received an18 month prison sentence after being found guilty of embezzling more than $1.7 million from the International Longshoreman's Association (ILA).

According to the Associated Press, the sentence was handed down as part of a June plea bargain in which John Dunsmoor admitted to money laundering and stealing from the pension and benefit plans of ILA Local 1969.  

In the admission Dunsmoor said he misrepresented himself as an investment advisor and attorney, convincing the ILA to invest in a development in Nevada at inflated prices.   He later told the Union they had been defrauded in the deal, charging for legal services he was not licensed to give.

An attorney representing the ILA said the scheme came to light when pension fund participants wanted to retire, only to find their retirement funds gone.

In addition to the prison sentence, Dunsmoor was ordered to reimburse the union $2.05 million.

Dunsmoor’a accomplice Michael Daher, earlier received a 41-month federal prison sentence for fraud and embezzlement.