Ullico Investigator to Join 9/11 Commission

With his report on the inside stock deals at the the union-insurance company safely under wraps, frmr. Illinois gov. James Thompson is moving on the Joint Commission on 9/11.

With a fed. grand jury investigating the scheme, Ullico directors appointed Thompson in April to conduct an internal review of the sales. Thompson finished the report in Sept., but agreed with Ullico lawyers that the report was protected by attorney/client privilege. With this claim, Ullico president Robert Georgine is keeping it out of the hands of the U.S. Attny. for Wash., D.C. A DC grand jury is investigating the stock deals from which several union directors, incl. Georgine, made millions of dollars in profits in 2000 and 2001, even as Ullico’s stock fell.

On Dec. 16, U.S. Speaker of the House Dennis Hastert appointed Thompson to the joint commission investigating the 9/11 attack, now chaired by ex-NJ gov. Thomas Kean. [United Press Intl. 12/16/02]