Just when I was afraid this was going away, it rears its grinning head again. The scandal at the Ohio Bureau of Workers Comp (you remember, the group that had invested claimant reserves in rare coins, questionable securities, wine (!) and other “non traditional financial vehicles” remains under investigation, and the investigators need $85,000 more to finish up.
For those in need of a refresher on this most entertaining of scandals, here’s the background.
Dare we hope that even more revelations are forthcoming? Perhaps junkets to foriegn lands to investigate real estate opportunities? Jewelry bought as an investment to increase reserves, temporarily stored around the neck and wrist of an illicit girlfriend? Art work safely ensconced in the homes of BWC execs? Rare cigars, safely guarded in a BWC-funded humidor?
A blogger’s delight!
Feb
11
