Ohio Regulator Leaves Post as Investigation Continues

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COLUMBUS, Ohio – John Reardon, Ohio's superintendent of the Division of Financial Institutions, has left the position in response to an ongoing grand jury investigation stemming from a matter related to his former position as treasurer of Mahoning County.

The investigation surrounds a controversial purchase of the Oakhill Renaissance Center in Mahoning County. Reardon was one of several local officials who went to federal court trying to stop county commissioners from buying Oakhill. Special prosecutors have been investigating whether the state’s ethics laws were broken by numerous officials as part of the purchase and development of the property.

Reardon has emphatically denied any wrongdoing in the matter in local media.

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