Former Ohio Workers’ Comp Executive Charged with Ethics Violation

September 6, 2007

Ohio investigators have charged the former chief investment officer for the state insurance fund for injured workers with failing to report gifts from a company doing business with the fund.

The complaint filed with the Franklin County Municipal Court says James McLean knowingly filed a false financial disclosure form with the Ohio Ethics Commission for the year 2004.

McLean is the 20th person indicted or convicted in an investment scandal involving the Ohio Bureau of Workers’ Compensation that began in 2005 with revelations of the agency’s unorthodox $50 million investment in rare coins.

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