Delaware County Treasurer Settles Bond Scandal

Delaware County is settling a lawsuit with former treasurer Don Rankey over $13.75 million in unauthorized bond purchases—made without committee approval despite a new policy requiring it. Rankey bought bonds for major projects like a sports park, maintenance facility, and fire station, bypassing the rules set by the Investment Advisory Committee. The county’s current treasurer, Ken O’Brien, now faces the messy task of reviewing and managing these risky investments under Ohio law, with the committee deciding whether to keep or sell them. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3bb93a9fff984b73