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Former comp bureau CFO faces prison time for kickbacks

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in Leaders & Managers,Management Training

Former Ohio Bureau of Workers’ Compensation (BWC) CFO Terrence Gasper received a sentence of five years in federal prison for parceling out millions of dollars in agency investments in exchange for bribes.

The BWC, under his financial management, reported more than $300 million in losses.

“I never solicited or requested anything from anyone,” Gasper said. “My boneheaded criminal decisions lie in accepting what was offered to me.”

Final note: What are the signs an employee is on the take? They include a sudden change in apparent affluence (e.g., luxury car, jewelry, clothing). In addition, employees may suddenly stop taking time off, even for illness or vacations, to avoid anyone else looking at the books.

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