BWC Board Agrees to Invest $50M With Major GOP Donor

By Peter MantiusNorthern Bureau ChiefThe Ohio Bureau of Workers’ Compensation’s board of directors has committed to invest $50 million of BWC assets into a private equity fund run by a major Republican campaign contributor from Wisconsin, Jon Hammes.The decision comes nine years after the BWC’s $50 million investment in a rare coin operation run by another major Republican donor went sour and triggered “Coingate,” the state’s biggest political scandal in decades.“If we don’t learn from history, we are doomed to repeat it,” said Catherine Tu...