$215M Of Ohio Worker's Fund Lost: Docs Show Gov. Knew, Dems Say 'Cover-Up'

$215M Of Ohio Worker's Fund Lost: Docs Show Gov. Knew, Dems Say 'Cover-Up'

Democrats were screaming “cover-up” yesterday after state officials admitted that a high-risk hedge fund that the embattled Ohio Bureau of Workers’ Compensation had invested in had lost $215 million in just a few months last year.

The bureau acknowledged that the fund, managed by a Pittsburgh-based investment firm, lost the money between February and September, 2004. MDL Capital Management relinquished control of the fund in November.

Popular in the Community

Close

What's Hot