Thursday, July 21, 2005

Coin-Gate, still alive, still kicking.

From the Toledo Blade we get this story about the detail of this great scandal.
Millions of dollars in coins and cash exchanged hands among managers of Tom Noe’s $50 million rare-coin venture in the days leading up to his admission that up to $13 million was missing from the state-funded operation, documents released yesterday show.

Nearly 15,000 pages of coin-fund transaction records provide evidence that there were hundreds of trades among the people charged with managing the state’s rare-coin investment throughout its seven-year existence.

The documents also show Mr. Noe authorized millions of dollars in loans from the state’s Capital Coin funds — including $285,000 to himself — while using state money to foot the bill for legal work to fight public records requests to release coin-fund documents.
And the beat goes on.


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