Archive

Archive for May 22, 2008

Ohio BWC lost $216 million in fraudulent hedge fund investment firm

May 22, 2008 2 comments

The Ohio BWC (Bureau of Workers’ Compensation) lost $216 million out of an initial $355 million investment placed with a corrupt hedge-fund firm that was headed by (recently convicted) Mark D. Lay. Since a criminal conviction against Lay was pursued by federal prosecutors, the Ohio Attorney General’s Office only filed a civil case against Lay. Former Republican Atty. General Jim Petro initiated the civil case against Lay in 2005.

Since the case was initially filed in mid-2005, the Ohio A.G.’s Office has spent more than $1.8 million of taxpayers’ money on legal fees and expenses in order to possibly recoup only $5 million of the $216 million that was actually lost. Lay will be sentenced on May 27 and he faces a sentence of up to 20 years in prison for his federal conviction. If Lay can’t get the federal charges overturned and avoid a long prison term, then it’s very possible that none of the $5 million settlement that Lay agreed to pay the state will be ever be recovered.

For a more detailed story, visit: BWC lawsuit cost state $1.8 million — or simply continue reading further on in this post.

Read more…

Comment capability now enabled

May 22, 2008 Leave a comment

Prior to today, the ability for visitors to this site to leave comments had been disabled due to a bug in the previous (“Sunburn” stylesheet) theme — when attempting to leave a comment, the cursor would disappear in the “body” field if you were using any version of Internet Explorer.

After months of submitting bug reports and emails to the WordPress.com staff trying to get them to fix the bug(s), I finally gave up. Instead, I’ve adopted a new CSS theme that doesn’t have the bug(s) the other theme had. This is also the reason that the site looks completely different now.

Here’s a short set of instructions on how the “comments” feature works.

  1. In order to leave a comment to a particular post, the “comments” feature must be enabled for that post. If you look at a post and see that at the very end of the post (bottom right) it says: “Comments Off”, then you will not be able to leave a comment.
  2. If you see the phrase “No Comments” displayed at that (lower bottom right) location, comments are enabled for that post, but to date there simply haven’t been any comments written by anyone.
  3. When comments are enabled for a posting, to leave a comment, you first need to click on the title of a post (which in turn displays only the contents of that post). Then scroll to the bottom of the post and fill out the fields that are required. Once you hit submit, your comments will be received and the page should redisplay with the comments you just submitted should now appear at the bottom of that page.
Follow

Get every new post delivered to your Inbox.