WOSU News Archives For: May 22, 2006

Major federal bust in Ohio

12:00AM
May
22, 2006

Seven former executives of a suburban Columbus company have been indicted for a total of 60 major crimes in what authorities are calling the largest fraud scheme ever uncovered in a private, non – traded company

Columbus City Councilman Encourages Environmentally Friendly Buying

12:00AM
May
22, 2006

A Columbus city council member is encouraging the city and its residents to think green. The city council will be voting tonight on legislation that would change the city’s purchasing rules in an effort to do just that.

Justice Department Alleges $3 Billion Fraud Scheme

12:00AM
May
22, 2006

A federal grand jury in Columbus has indicted 7 former executives of National Century Financial Enterprises. U.S. Attorney Gregory Lockhart says in a Department of Justice release that company executives bilked investors by “building a financial house of cards.”

Cedar Point Buys Kings Island

12:00AM
May
22, 2006

After competing for rides and customers for years, Ohio’s two largest amusement parks are about to share an owner.

Central Ohio Drivers Reduce Gasoline Consumption

12:00AM
May
22, 2006

Crude Oil futures begin the week at their lowest level since April 7th. Energy industry analysts say the six week slide in futures contract prices is a result of concern about an erosion in demand for gasoline. As pump prices move in a range between $2.60 and $3.00 per gallon, Central Ohio drivers have found ways to keep a little money in their pockets.