Saturday, March 18, 2006

Judge sets a date for Noe trial

In the Ohio CoinGate trial, the judge has set a date of Aug 29 for the beginning of the trial and has pencilled in 10 weeks for the trial. This should keep the story of Republican corruption in the public eye through most of the campaign season for this years elections.
Mr. Noe is accused of stealing and laundering more than $3 million and has been charged with 53 counts of theft, forgery, money laundering, tampering with records, and engaging in a pattern of corrupt activity, a racketeering charge. He has pleaded not guilty and is free on $500,000 bond.

If convicted on all charges and he received the maximum penalty, Mr. Noe could face 172 years in prison.

But it is unlikely he would be sentenced to that lengthy of a term.

The racketeering charge, however, carries a mandatory 10-year prison term.

The Ohio Bureau of Workers’ Compensation gave Mr. Noe $50 million to invest in rare coins. Auditors and the Ohio attorney general’s office have alleged that Mr. Noe began stealing it as soon as he gained control of the money in March, 1998.
This follows by about a month the federal trial for Tom Noe's campaign money laundering. So if all goes well, the good people of Ohio will spend the time from July to November hearing about illegal Republican campaign contributions and the thefts that allowed this Bush Pioneer to make them. Stay tuned for more details.

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