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April 22, 2024
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April 22, 2024
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April 15, 2024
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COLUMBUS, Ohio_ The former chief financial officer at Ohio‘s $15 billion insurance fund for injured workers will plead guilty to federal charges in addition to state counts alleging he traded investment opportunities for gifts, his attorney said Tuesday.

A yearlong investigation into investment practices at the Ohio Bureau of Workers‘ Compensation has already shaken the state‘s Republican-dominated government. It has led to ethics charges against Gov. Bob Taft, who pleaded no contest for failing to report gifts such as golf outings, the ouster of the bureau‘s administrator, the firing of its chief investment officer and an overhaul of the fund‘s investment operations.

Franklin County Prosecutor Ron O‘Brien said last week that Gasper, 59, would admit he received $25,000 from rare-coin dealer Tom Noe in return for doling out investment business from the workers compensation bureau to Noe.

Gasper faces federal racketeering charges and state charges of money laundering and ethics violations for failing to report income, gifts, travel and meals on mandatory annual disclosure forms.

Noe pleaded guilty last week to illegally funneling money to President Bush ‘s re-election campaign and still faces allegations that he embezzled $1 million from a $50 million rare-coin investment he managed for the Ohio Workers‘ Compensation fund.