Friday, May 27, 2005
Coin-Gate update
It just gets better as the Toledo Blade makes clear.
Read the whole thing, it should be one great scandal, even if the Republicans control the state.
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.And what did Tom do with the money. Don't know yet but
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.
It is unclear whether Mr. Noe used some of the state’s money to make contributions to Republican candidates, including President Bush’s re-election campaign, Mr. O’Brien said.Now remember, the money came from the state so it could not have been so dirty that Tom had to wash it.
The Bush-Cheney campaign lists Mr. Noe as a “Pioneer,” for raising from $100,000 to $250,000 for the President’s re-election campaign.
The U.S. attorney’s office and the FBI are investigating whether Mr. Noe violated campaign-finance laws. That probe has focused on an October, 2003, fund-raiser in Columbus that generated $1.4 million for the Bush campaign.
Read the whole thing, it should be one great scandal, even if the Republicans control the state.
Subscribe to Posts [Atom]
Post a Comment