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USW APPLAUDS CONTINUATION OF WISE COMMITTEE HEARINGS INTO MARC RICH, CLARENDON, U.S. MINT

 USW APPLAUDS CONTINUATION OF WISE COMMITTEE HEARINGS
 INTO MARC RICH, CLARENDON, U.S. MINT
 WASHINGTON, Feb. 17 /PRNewswire/ -- In light of the evidence presented to the West Virginia Senate Judiciary Committee last week, United Steelworkers of America (USW) District 23 Director Jim Bowen said today that he "applauds U.S. Rep Bob Wise for continuing his investigation into how the fugitive Marc Rich earns millions at U.S. taxpayer expense."
 The union said the West Virginia Senate Committee is considering ways to bar fugitives from U.S. justice from holding ownership or controlling interest in companies that do business in West Virginia. The USW presented substantial evidence to the state committee last week demonstrating that Rich holds a controlling interest in Ravenswood Aluminum Corp. (RAC) in West Virginia.
 The union said RAC has locked out 1,700 members of the USW since Nov. 1, 1990. The locked-out workers average 53 years of age and 24 years of service with the plant.
 "The people of West Virginia now know who Marc Rich is, and what he's caused to be done to 1,700 West Virginia working people and their families," said Bowen.
 "Now, West Virginians want to know why the U.S. government isn't doing anything to stop Rich from making millions from sales of metal to the U.S. Mint," Bowen said.
 Rich owns at least 49 percent of Clarendon, Ltd., which has won tens of millions of dollars worth of metals contracts with the U.S. Mint in the years since Rich fled the U.S. after being indicted for tax fraud, racketeering, and trading with the enemy, the union said.
 "It's incredible that this fugitive -- the indicted perpetrator of what might be the largest tax fraud in U.S. history -- can reap huge profits from the metal that becomes the coins jingling in the pockets and purses of U.S. citizens," said Bowen.
 "I applaud Bob Wise for having the courage to look into this," Bowen said. "The executive branch of our government certainly hasn't done anything to put a stop to it. Maybe with a little pressure from Congress, something will be done.
 "I'm going to be at Rep. Wise's hearings tomorrow," Bowen said, "because like working families all over this country -- and particularly in West Virginia -- I want to hear from the Bush administration's representatives in the Department of Justice and the U.S. Mint how such a travesty could occur."
 The hearings before the U.S. House Subcommittee on Government Operations will begin at 10 a.m., Tuesday, Feb. 18, in room 2247 of the Rayburn House Office Building.
 -0- 2/17/92
 /CONTACT: Jim Bowen, director, USW District 23, in West Virginia, 304-242-6544, or USW Communications, in Pittsburgh, 412-562-2442/ CO: United Steelworkers of America; Ravenswood Aluminum Corp.;
 Clarendon, Ltd. ST: West Virginia IN: MNG SU:


CD -- PG002 -- 0569 02/17/92 12:48 EST
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Date:Feb 17, 1992
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