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latest update on Noe, Ohio and coingate

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donsu Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-18-05 11:55 AM
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latest update on Noe, Ohio and coingate

http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20050517/NEWS24/505170385

Noe holding extra $5.4M in state cash; money was reinvested in pair of coin funds


The Ohio Bureau of Workers’ Compensation acknowledged yesterday that Tom Noe has paid far less to the state from rare-coin investments than previously reported.

Bureau officials said they decided last year to allow Mr. Noe, a prominent Republican fund-raiser and local coin dealer, to reinvest $5.4 million in alleged profits from two coin funds established with $50 million from the state, rather than take a payment from him.

For the past several weeks, bureau officials have told reporters that Mr. Noe had turned over $13.3 million in rare-coin profits.
Copies of checks provided to The Blade — and signed by Mr. Noe — add up to $7.9 million.

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the article goes on and on and on and the citizens of Ohio suck their thumbs.
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