Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

More Fraud in Ohio Bureau of Workers' Compensation scandel

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Places » Ohio Donate to DU
 
pf99 Donating Member (251 posts) Send PM | Profile | Ignore Tue Jun-21-05 07:52 AM
Original message
More Fraud in Ohio Bureau of Workers' Compensation scandel
Edited on Tue Jun-21-05 07:53 AM by pf99
Something new

http://www.cleveland.com/budgetscandal/plaindealer/index.ssf?/base/news/1119346277234880.xml&coll=2

The Ohio Bureau of Workers' Compensation let a Texas firm -- Rupay-Barrington Capital Management -- invest millions in bureau money for more than a year after the Securities and Exchange Commission sued the company for fraud and mismanagement of funds.

The account made $411,000 for the bureau over the 3½ years Rupay-Barrington handled it. But it lost $9.4 million from June 30, 2000 -- just before the company was sued -- until Dec. 31, 2001, when the bureau closed it.

"Not since Enron has so much money been so badly managed," said State Sen. Marc Dann, a Youngstown Democrat and critic of the bureau's controversial investments

"What's left for an independent investigative body to figure out is whether or not it's malfeasance or outright corruption," Dann said.

Printer Friendly | Permalink |  | Top
Oversea Visitor Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-21-05 08:02 AM
Response to Original message
1. Eeeek
Big big smelly fart. :blush:
Chimp PR going :crazy:
Jeb trying best to be good detective and try digging up 15 years past
:evilgrin:
Kerry Kerry here got good job to do :D
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu May 02nd 2024, 01:05 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Places » Ohio Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC