The director of Ohio's workers compensation bureau is resigning amid a growing scandal over millions of dollars missing from a rare-coin investment fund, Gov. Bob Taft said Friday.
Neither workers comp Administrator James Conrad nor any member of his staff told the governor about the state's investment in coins, Taft said. When questions were raised in April, agency officials told Taft the investment was profitable and safe.
State officials had said Thursday they plan to sue coin dealer Tom Noe and seek criminal charges after his attorney told them that about $10 million of the state's $55 million investment in rare coins is missing.
A consultant had originally alerted the bureau a few months ago that coins worth an estimated $400,000 had vanished.
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