CoinGate: Lima News Breaks the Embargo

From the Lima News:

Two outside firms are conducting separate audits of the Ohio Bureau of Workers’ Compensation coin funds and of the bureau’s management and investment procedures, which [Betty] Montgomery expanded to include the $215 million in losses in a hedge fund managed by Pittsburgh-based MDL Capital Management Inc.

Preliminary work of the audits will be completed in the next 10 days, Montgomery said Friday, while most of the other audit will take much of the summer to complete.

“We wanted the independent auditors because I, like every other Republican official in this state, know Tom Noe. I did not want anyone to think an audit would be in any way corrupted by any personal relationship,” Montgomery said. “I’ve been a former prosecutor, attorney general and now auditor, and I’ve done business with people I know, and prosecuted people I know, but this is too important. My instructions to the auditors are to get in there fast, do it thoroughly, follow the money wherever it goes, and to whomever it goes.”

Montgomery said she didn’t announce the audits until June 1 because she didn’t want to compromise state and federal criminal investigations. She had been working with investigators since the story broke of $12 million missing in a BWC rare coin investment managed by Noe.

This is the first story that I have seen that has focused on ACTION taken by Republicans... Ever hear of the Lima News? Me either...that's probably how they got away with it...