SBA to hire independent firm to review finances

The NYPD’s Sergeants Benevolent Association is hiring an independent accounting firm to review its finances in the wake of the federal probe into its embattled leader for allegedly misspending union funds, The Post has learned.

Vincent Vallelong, the union’s new president following former head Ed Mullins’ resignation said in a memo dispatched 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” without elaborating further. 

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” said Vallelong, adding that the union’s financial obligations are being met.

Ed Mullins resigned Tuesday night after FBI agents raided SBA offices in Manhattan and his home in Port Washington, Long Island, earlier in the day.
Ed Mullins resigned Tuesday night after FBI agents raided SBA offices in Manhattan and his home in Port Washington, Long Island, earlier in the day.
Kevin C. Downs for The New
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