More Details On Trial

There is more information about the trial of Mark Lay of MDL and its ties to money lost from the Ohio Bureau of Worker's Compensation. Here is an excerpt from the Dispatch:
The former chief financial officer of the Ohio Bureau of Workers' Compensation testified in federal court today that he received cash and an offer of lifetime employment from a Cleveland-area broker if he supported a risky hedge fund for the bureau that eventually lost $216 million.

Terrence W. Gasper said the offer was made in 2004 by Patrick White, president of the former Great Lakes Capital Partners in Westlake, shortly before Gasper agreed to pump an additional $100 million into an investment run by MDL Capital Management of Pittsburgh that was losing money at the time.
Gasper was testifying at the federal fraud trial of Mark D. Lay, MDL's chief executive and founder......

......Gasper, who has pleaded guilty to accepting bribes and who is serving a 64-month federal prison sentence, testified that White gave him cash during an April 2004 meeting at the Bag of Nails restaurant in Worthington - a month before Gasper agreed to put an additional $100 million in the hedge fund....

I've eaten at the Old Bag of Nail restaurant in Worthington and no one gave me a cash bribe. I must have been sitting at the wrong table!!!!

So this is the way the state of Ohio operated under the administration of Republican Gov. Bob Taft????? Amazing! Taft's administration and these hedge fund shenanigans caused a loss of $216 MILLION!!! The Ohio Republican Party thinks that Ohioans are going to forget this behavior and vote for Republicans?????? You've got to be kidding!