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$10M to $12M missing from Noe's coin funds (More bad news out of Ohio)
Toledo Blade ^ | May 27, 2005 | James Drew and Mike Wilkinson

Posted on 05/27/2005 8:20:03 AM PDT by Columbus Dawg

COLUMBUS — Federal and state authorities are pursuing criminal and civil charges against Tom Noe for allegedly misappropriating $10 million to $12 million from the state’s rare-coin investment.

Franklin County Prosecutor Ron O’Brien said yesterday that he has “reason to believe” Mr. Noe, a prominent Toledo-area Republican fund-raiser and rare-coin dealer, has misappropriated “more than $10 million” in state assets.

“I have reason to believe it is more than just missing assets or lost assets or otherwise,” said Mr. O’Brien, a Republican. “I have reason to believe there is actual misappropriation of state funds involved ... I’m talking about conversion for personal use.”

(Excerpt) Read more at toledoblade.com ...


TOPICS: Crime/Corruption; Government; News/Current Events; Politics/Elections; US: Ohio
KEYWORDS: bwc; coin; coingate; coins; noe; ohio; taft
It looks like somebody is in deep poo-poo.
1 posted on 05/27/2005 8:20:04 AM PDT by Columbus Dawg
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To: Columbus Dawg

What is the state of Ohio doing collecting coins?


2 posted on 05/27/2005 8:21:41 AM PDT by Paleo Conservative (Hey! Hey! Ho! Ho! Andrew Heyward's got to go!)
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To: Columbus Dawg

I think he is a Republican! </snicker>


3 posted on 05/27/2005 8:23:03 AM PDT by notaliberal
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To: Columbus Dawg
It looks like somebody is in deep poo-poo

On the contrary, I think *several* heads will roll before this is all over.

And rightly so. This whole thing has smelled bad since the Toledo Blade broke the story.

4 posted on 05/27/2005 8:25:21 AM PDT by gdani
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To: Columbus Dawg

Bob Taft was even backing him until he learned a little more about the case and now even he is demanding an explanation. More than an explanation is needed here, somebody needs to do some serious jail time.


5 posted on 05/27/2005 8:27:57 AM PDT by downwithsocialism
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To: Columbus Dawg

Ohio is going to hell in a handcart -- I ought to know -- I live here! We have two RINO good-for-nothing-but-appeasing-the RATs-senators; a RINO good-for-nothing-but-raising-taxes governor; and now this! No wonder the state has no money and is operating in the red. They were investing in gold doubloons!


6 posted on 05/27/2005 8:31:02 AM PDT by Polyxene (For where God built a church, there the Devil would also build a chapel - Martin Luther)
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To: downwithsocialism

http://www.nbc4i.com/news/4539871/detail.html

Director of Workers Comp has resigned. Breaking.


7 posted on 05/27/2005 8:33:22 AM PDT by Columbus Dawg (Columbus: Where our mayor is not offended by rape, and our football players cause trouble.)
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To: Columbus Dawg

The arrival of Governor Blackwell can't come soon enough!


8 posted on 05/27/2005 9:14:35 AM PDT by JohnnyZ (Defeat Pat DeWine, RINO Mike DeWine's son! Tom Brinkman for Congress http://www.gobrinkman.com/)
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To: Columbus Dawg
Senate President Bill Harris also said Thursday he would seek a state budget amendment, aimed only at the bureau, to ban investment in items including coins, stamps, artwork and horses.

I'm sure glad Senator Harris did not forget to include horses.

9 posted on 05/27/2005 4:53:13 PM PDT by Loyal Buckeye
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To: Loyal Buckeye

He included them after the barn door was closed.

I'm surprised there isn't more interest in this story here. It could change the political landscape in Ohio.


10 posted on 06/04/2005 6:18:25 AM PDT by Voteamerica
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