$1.3 million more lost in bureau investments (Ohio, again)

[cmd]

http://www.cleveland.com/budgetscandal/plaindealer/index.ssf?/base/news/1118914274127160.xml&coll=2

(snip)
At the same time a Maryland investment manager was losing millions of dollars in a fraud scheme, the Ohio Bureau of Workers' Compensation allowed him to continue managing $20 million of its money.

In the end, the bureau says, it lost $1.34 million of the $20 million it invested with Chapman Capital Management, a firm owned by Baltimore investment manager Nathan Chapman.

(snip)
On Aug. 12, a federal jury convicted Chapman of defrauding two pension funds, shareholders in his company and the public. He was sentenced to 90 months in prison on 23 counts and ordered to pay more than $5 million in restitution.

Prosecutors said Chapman, 47, used some of that money to lavish gifts on mistresses, including $7,000 for a college graduation party for one of them.

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The worker's comp story began several years ago. There was NO oversight in that office and no media attention at the time. Check out those Republican values in that last paragraph.

[aquart]

1. The difference between Republicans and Democrats

Is that Democrats steal with one hand and give with the other. Republicans steal with both hands.

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2. But he shared with his mistresses

and had great parties.

[aquart]

3. Poor guy just wanted to be loved.

[clydefrand]

4. I love this! How true!

We tax and spend according to the repugs.

They steal and spend as evidenced by their actions.