Review IDs Safeguards Against Future Crimes At Ohio Treasury
Review IDs safeguards against future crimes at Ohio treasury
An independent internal review finds other individuals inside Ohio treasury knew or should have known that a former deputy treasurer was committing fraud and suggests safeguards against future wrongdoing.
The report issued Friday addresses activities of Amer Ahmad in 2009 and 2010, under then-Treasurer Kevin Boyce, a Columbus Democrat.
Current Treasurer Josh Mandel, a Republican, ordered the investigation after Ahmad's 2013 indictment in a bribery scheme. Ahmad and three others have since gone to federal prison in the pay-to-play scheme. A Boston bank agreed last month to pay $12 million to the federal government for its role.
Independent reviewer BakerHostetler recommends the treasury add more employees with financial expertise, disclose transaction costs and require contractors to certify they haven't given anything in exchange for state business.