Ohio college concerned about investment

BOWLING GREEN, Ohio (AP) — Leaders of Bowling Green State University don’t know if a $15 million investment is safe now that owners of a firm that handled the money have been charged with fraud.

The school says the money was held by Westridge Capital Management Inc. Its two owners were arrested in February on charges of conspiracy, wire fraud and securities fraud.

Sherry Stoll, Bowling Green’s vice president of finance, said Monday that the money was in a low-risk fund and there shouldn’t be any impact on day-to-day operations of the university.

Stoll added that it could be several years before the university knows the fate of its money because the investigation is just beginning.