Friday, May 14, 2010

Former Metra Executive's Actions Reportedly To Help "Unnamed Family Member"

The result of the explosive investigation taking place into the "theft" of $475,000 of Metra vacation pay by former Executive Phil Pagano, Crystal Lake, is reported to have been to help an unnamed family member.

The report of the total amount was reportedly revealed this morning in a closed door meeting of the Metra Board of Directors by a special counsel, James Sotos, retained by the Board. Pagano is reported to have forged the signature of Carole Doris, Metra Board's Chairwomen.

It is reported that Pagano cashed out his vacation pay annually since about 1990.
Reportedly, Pagano told investigators, that former Board Chair Jeff Ladd verbally authorized the withdrawal of the funds.

Other investigations are also reportedly underway by the Cook County State's Attorney, the Illinois Attorney General's office as well as Federal Officials since federal funds are provided Metra. The agency's board is also expected to tighten internal practices and policies, something that possibly should have been accomplished earlier since Metra is funded through federal and state funds.

Pagano had been suspended with pay until April 30 after Doris learned that Pagano obtained an unauthorized $56,000 "bonus", something which reportedly Metra does not pay. Metra reports that the cash taken by Pagano was from his retirement fund and a vacation fund. He admitted the "theft" but denied taking the money for any illegal or immoral activities.

Pagano did admit the financial irregularities to a special counsel, James Sotos, that he took the money and apologized. He reportedly made a similar admission to the Board. A week later, April 7, Pagano walked onto the McHenry Metra line tracks near his Crystal Lake home and was struck by the Chicago-bound train which was unable to stop in time to avoid striking him.

Pagano was probably not the only one who suffered consequences of this accident. According to a report by the McHenry County Sheriff, Keith Nygren at a press conference the same day, Pagano and the engineer made eye contact and although the engineer engaged emergency braking, trains do not stop as easily as automobiles nor can they swerve.

It cannot be an easy situation for family members and friends. According to information from Sheriff Nygren, Pagano did have notes in his shirt and pants pockets, but the details were not revealed. Nygren only said they indicated that the actions of Pagano were his intentions.

A memorial service was held for Pagano and was well attended by family and many friends and acquaintances.

Pagano, 60, was with Metra since its inception in 1984 and served as executive director since 1990. He has often been praised for his participation in developing Metra to be the second-largest commuter rail system with more than 100,000 riders per day.

No comments: