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Democrats Eye Unfolding Ohio Coin Scandal
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| Contributor | Brandonius Maximus |
| Last Edited | Brandonius Maximus Jun 10, 2005 03:22pm |
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| Category | Scandal |
| Media | Website - Yahoo News |
| News Date | Friday, June 10, 2005 09:00:00 PM UTC0:0 |
| Description | TOLEDO, Ohio - A disastrous investment by the state in rare coins has erupted into both a financial and political scandal, with Ohio's Republicans running for cover and the Democrats seeing great opportunity.
At least $10 million is feared missing from a $55 million fund that the Ohio Workers' Compensation Bureau set up in a risky and highly unorthodox foray into the buying and selling of coins. The investment was managed by coin dealer Tom Noe, a prodigious fundraiser who has showered contributions on Republicans in Ohio and beyond.
In the past few weeks, a slew of Republicans, including President Bush and Gov. Bob Taft, have moved quickly to distance themselves from Noe by returning more than $100,000 in donations.
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