The former Ohio deputy treasurer and a lawyer from Columbus, Ohio have been indicted and accused of engaging in a bribery and money laundering scheme involving the Ohio Treasurer’s Office…
According to court documents, from approximately January 2009 through January 2011, Ahmad and others allegedly conspired to use Ahmad’s role as deputy treasurer to direct official state of Ohio broker services business to Douglas E. Hampton, 39, a securities broker from Canton, Ohio, in return for payments from Hampton. Ahmad and Joseph Chiavaroli, 33, of Chicago, allegedly concealed those payments from Hampton by passing them through the accounts of a landscaping business in which Ahmad and Chiavaroli held ownership interests. Hampton also allegedly funneled in excess of $123,000 to Alo, an attorney and lobbyist who is Ahmad’s close personal friend and business associate. As a result of the scheme, Hampton allegedly received approximately $3.2 million in commissions for 360 trades on behalf of the Ohio Treasurer’s Office. Ahmad and his co-conspirators allegedly received in excess of $500,000 from Hampton.
On August 14, 2013, Hampton pleaded guilty to conspiracy before U.S. District Judge Peter C. Economus of the Southern District of Ohio. Chiavaroli, who was also named in today’s indictment, pleaded guilty today to conspiring to commit money laundering. Sentencing for both defendants has not been scheduled.
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