Sunday, March 05, 2006

Additional Investigations

It seems as though every two days there is another story about the mess at the Ohio Bureau of Workers' Compensation. The Ohio BWC allowed Tom "coingate" Noe and others to invest state money because of their ties to the Ohio Republican Party. Sunday's article indicates that further investigations are being conducted as to the possibility of kickbacks. Here is an excerpt from the Columbus Dispatch:

A handwritten list directing that state money go to select brokers is a key element of a probe into whether top officials at the Ohio Bureau of Workers’ Compensation got favors for steering agency investment business.

The list, which came from Terrence W. Gasper when he was chief financial officer for the bureau, specified how much each firm was to receive in commissions for stock trades, sources familiar with the federal grand jury investigation in Cleveland told The Dispatch.

A former bureau investment official who testified before the grand jury also suggested that Thomas W. Noe wouldn’t have received $50 million from the bureau to invest in rare coins if it weren’t "pushed from above..."

Who do you think that could have been?