News
Ohio Watchdog Releases Investment Scandal Report
By: Associated Press
Posted on:
The state watchdog has released a much-anticipated investigative report on the investment scandal that engulfed Ohio in 2005 and resulted in 19 convictions.
Inspector General Randall Meyer makes no new findings in the report issued Thursday.
Meyer details the status of 75 government reforms recommended after the scandal, dubbed Coingate, through reviews ordered by the governor, state auditor and Legislature.
The scandal began with a dubious $50 million investment by the Ohio Bureau of Workers' Compensation into a rare-coin fund run by generous Republican fundraiser Tom Noe. Noe has been convicted on federal and state charges and remains in prison.
Meyer concludes the bureau is "unquestionably" more professional and accountable.
The Toledo Blade, which broke the news of the scandal, recently sued Meyer for release of the report.