State Hired Administrator Under Indictment

A recently appointed top administrator of Tennessee’s multimillion-dollar employment security system was under indictment in Ohio in a mortgage fraud case at the time of his appointment last month, according to the Tennessean.
Turner Nashe Jr., 37, of Brentwood, was charged in the May 2010 indictment with money laundering, theft and several counts of aiding and abetting an unlicensed loan broker who submitted falsified loan applications. The co-defendant worked for Nashe’s company, Trident Financial. The charges against Nashe were “dismissed without prejudice” on Nov. 29.
Maria Russo, a spokeswoman for Cuyahoga County Prosecutor Bill Mason, said the investigation is continuing and that the dismissal without prejudice does not preclude future action against Nashe. Nashe was one of dozens indicted in what has been billed by Ohio officials as the largest mortgage fraud case in the country.
Jeff Hentschel, a spokesman for the state Department of Labor and Workforce Development, said in an email response to questions that prosecutors dropped the charges “after a thorough examination of the facts, including complete inspection of records and financial statements, both business and personal.”
…In defense of Nashe, Hentschel said, “In the court of public opinion, it is unfortunate when someone is accused of something and the charges are dismissed that people tend to remember the accusation instead of the result of the findings.
“Here we have an individual who was extremely business savvy and owned a mortgage lending company that was working with millions of dollars each year. The authorities conducted a complete investigation of Nashe’s business activities and records and found nothing inappropriate,” he added.
Nashe, who received a master’s and doctorate degree at Tennessee State University, formed two companies since moving to Nashville. Earlier this year he filed for bankruptcy in federal court and listed his occupation as “unemployed.”

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