▁group , ▁which ▁had ▁agreed ▁to ▁an ▁ 8 . 5 ▁percent ▁w age ▁hi ke ▁over ▁three ▁years . ▁The ▁action ▁triggered ▁a ▁strike ▁on ▁June ▁ 2 4 , ▁ 1 9 8 3 . ▁But ▁the ▁company ▁out last ed ▁the ▁union , ▁and ▁the ▁Car pent ers ▁affili ate ▁at ▁Louisiana - P ac ific ▁dis band ed . ▁ ▁Between ▁ 1 9 8 5 ▁and ▁ 1 9 8 6 , ▁Campbell ▁alleg edly ▁author ized ▁six ▁construction ▁lo ans ▁total ing ▁more ▁than ▁$ 9 5 ▁million . ▁ ▁The ▁lo ans ▁were ▁made ▁from ▁the ▁union ' s ▁$ 2 0 0 ▁million ▁reserve ▁fund . ▁ ▁According ▁to ▁press ▁reports , ▁Campbell ▁made ▁the ▁lo ans ▁based ▁on ▁advice ▁from ▁Empire ▁Cont ract ▁Cons ult ing ▁Inc ., ▁a ▁New ▁York ▁firm ▁that ▁also ▁serv iced ▁and ▁monitor ed ▁the ▁lo ans . ▁Develop ers ▁began ▁to ▁experience ▁trouble ▁rep ay ing ▁the ▁lo ans ▁in ▁ 1 9 8 7 , ▁but ▁Empire ▁Cont ract ▁Cons ult ing ▁did ▁not ▁make ▁the ▁union ▁aware ▁of ▁the ▁problems ▁until ▁ 1 9 8 9 . ▁ ▁Campbell ▁res igned ▁as ▁president ▁of ▁the ▁Car pent ers ▁in ▁mid - term ▁in ▁February ▁ 1 9 8 8 ▁due ▁to ▁ill ▁health . ▁He ▁was ▁succeeded ▁as ▁president ▁by ▁Sig urd ▁Luc assen . ▁ ▁Luc assen ▁revealed ▁the ▁problems ▁with ▁the ▁lo ans ▁in ▁September ▁ 1 9 8 9 . ▁ ▁Patrick ▁Campbell