Home About Chat Users Issues Party Candidates Polling Firms Media News Polls Calendar Key Races United States President Senate House Governors International

New User Account
"A comprehensive, collaborative elections resource." 
Email: Password:

  "COIN-GATE" SCANDAL - List of lost [OH] state coins jumps to 121
NEWS DETAILS
Parent(s) Container 
ContributorRP 
Last EditedRP  May 02, 2005 08:36pm
Logged 0
CategoryGeneral
News DateMonday, May 2, 2005 02:35:00 AM UTC0:0
DescriptionThe number of missing rare coins purchased with state money controlled by local Republican fund-raiser Tom Noe now totals 121, documents obtained by The Blade show.

An accounting firm hired to check the inventory of rare coins purchased by Mr. Noe or his associates for the state found last year that not only were the coins missing, but 119 coins were possibly stolen by a Colorado coin dealer, according to a 2004 audit report released last week.

Mr. Noe hired the dealer to run a coin subsidiary funded with money from the Ohio Bureau of Workers' Compensation, the agency charged with paying the medical bills and providing income to workers injured on the job.

The 119 missing coins are in addition to two coins worth $300,000 owned by the state that were lost in the mail in 2003, confirmed Jeremy Jackson, press secretary for the Ohio Bureau of Workers' Compensation.

The state doesn't know what happened to any of the coins, Mr. Jackson said.

The Blade first reported April 3 that since 1998 the bureau has invested $50 million in rare coin funds controlled by Mr. Noe, a local coin dealer and frequent contributor to local, state, and national Republican campaign committees.
Share
ArticleRead Full Article

NEWS
Date Category Headline Article Contributor

DISCUSSION