Saturday, June 25, 2005
Coin-Gate, uh, Never Mind
In todays Toledo Blade we find that most of the original missing coins were just misplaced.
Most of the 121 Ohio-owned rare coins believed to be missing from the Colorado office of Tom Noe's $50 million coin venture were accounted for when state fraud inspectors inventoried the collection last month, an attorney for the Maumee coin dealer told The Blade.Now if only they could do something about that other pesky problem.
The recovered valuables include some of the 119 coins valued at $93,000 that auditors could not locate during an examination of the company's books a year ago. Investigators, however, continue to search for the $10 gold coin from 1845 and $3 gold coin from 1855 worth about $300,000, which were reported stolen in 2003.
Attorneys for Mr. Noe told Ohio authorities last month that $10 million to $12 million of the coin fund's assets were missing. Mr. Noe, a Republican fund-raiser, is facing multiple state and federal investigations.Gotta be careful when you open a can of worms.
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