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Shine a light on shadowy investments with state funds

JUNE 13, 2018 | by John Damschroder | FREMONT NEWS MESSENGER (OHIO)

“…The door opener to the legally required scrutiny of the $1.1 billion liquor bond-funded, privatized development program was a bill to ease crowd funding to raise money for startup businesses. Ironically, a lucrative potential use of crowd funding is to pay for more audits of secretive, state-created entities with far more money than JobsOhio. Ohio’s five public pension funds show $58.2 billion in illiquid assets where values can only be estimated until they are sold. …”

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