Ohio coin scandal beginning to rock the GOP

The growing Republican scandal surrounding the Ohio's loss in rare-coin investments controlled by Tom Noe, a prominent Toledo-area GOP fund-raiser and coin dealer, just got a lot bigger. The missing amount is now $13M, and all of Noe's property was just confiscated. The Toledo Blade has an overview, complete with historical precedents; as does the NY Times, and the AP the skinny.

Noe got the GOP machine in Ohio to give him $55M of Ohio's Bureau of Workers Compensation funds for investment, which he used to deal in his hobby, rare coins. No other state invests in rare coins, only Ohio. This was clearly a case of rewarding a Republican donor, with access to state funds, which Noe stole from:

First, The Blade disclosed that two coins worth $300,000 had been lost in 2003. Then state officials acknowledged that another 119 coins worth $93,000 were missing. Earlier this week, Mr. Noe's lawyers told state officials that he had also used state funds to invest in artwork and collectibles, such as autographs and cards. And on Thursday Mr. Noe's lawyers said that as much as $13 million in assets are missing.

The Republican Governor Bob Taft says "I am outraged, I am angered, I am saddened, and I am sickened." Well, he's not too outraged, angered, or sickened, 'cause he's keeping the money that Noe gave Taft. This is a bandwagon the Democrats in the state can all jump on. Every Republican that took money from Noe, now realizes that money was stolen from Ohio's Bureau of Workers Compensation funds.

The director of Ohio's workers compensation bureau is resigning, and says that Taft didn't know. And neither did the Republicans running to be Taft's successor, Montgomery, Blackwell, or Petro, right? But they all took Noe's money. Watch, as one of them crumbles, returns the stolen dough (the Democrats are calling for Republicans to donate it to the Worker's Comp fund), and the others will immediately follow. Blackwell (who also in hypocritical fashion took Noe money) is already going after Montgomery & Petro for being too close to Noe to lead the investigation.

Noe, a Bush Pioneer, is also under investigation by the U.S. Attorney's Office and the FBI for violating campaign-finance laws in an October, 2003, fund-raiser in Columbus that generated $1.4 million for the Bush campaign. Noe supposedly handed out his own cash to individuals in order to donate more than the $2K maximum to Bush.

Ohio is ripe for a complete overhaul in '06. Toledo City Councilman Frank Szollosi is asking on his blog:

And who will investigate?

It should not be those five GOP State Supreme Court Justices who took money from Tom Noe, at least they have the good judgment to recuse themselves.

It should not be Governor Bob Taft, Auditor Betty Montgomery, nor Attorney General Jim Petro - they have all taken money from Tom Noe, and have let Noe get away with everything since the Capital Coin Fund got established in 1998. These elected officials should not only be held accountable by voters in Ohio, but by an independent special prosecutor.

Where did that money go? Did Noe spend it on the Bush campaign? Who should investigate?

...A news reporter asked me if this was just a political witchhunt and I replied, "Show me the money." It's public money that's gone and plenty of Noe political contributions to everyone from George W. Bush down to our own GOP County Commissioner Maggie Thurber suggest where it went.

Noe stole straight out of Ohio's Bureau of Workers Compensation, and turned around to give the money to Republican politicians.

Tags: Governor 2005-6 (all tags)

Comments

16 Comments

It Begins In '05
There will be a major media push very soon (can't go into the details) against the Ohio GOP both at the state and federal levels.

The first front in this war is the special election being held in the 2nd District to replace Rob Portman, recently appointed US trade rep.

"People" are saying that a Democrat can't win OH02 ... that will be true if we don't give this our best effort.

Visit the blog that was setup to track the day to day details of the race.

Paul
Bring Ohio Home

by bringohiohome 2005-05-31 05:14AM | 0 recs
Bolton's Successor, Should His Nomination Fail
Noe stole straight out of Ohio's Bureau of Workers Compensation, and turned around to give the money to Republican politicians.
Now that's a man efficiently focused on the essence of the Republican agenda. No wasted effort there. A top candidate for a high-level Bush appointment.  And when senators like Barbara Boxer predictably try to block him, the next round of dismantling the separation of powers can begin.
by Paul Rosenberg 2005-05-31 06:52AM | 0 recs
Re: Bolton's Successor, Should His Nomination Fail
I agree that he did maximize efficiency in his actions.  No unnecessary front organizations or complex hidden transactions to make the theft harder to explain.  Bless his shriveled little heart.

BTW, Paul, I answered your question on the VT precincts.

by paperwight 2005-05-31 07:20AM | 0 recs
There's a Toledo Blade...
article about Coingate and the reaction of the blogosphere.  Pounder from Kos and I were interviewed for story.
by The Ticked Off Ohioan 2005-05-31 07:16AM | 0 recs
Re: There's a Toledo Blade...
Pounder is affiliated with Licking County Pro-Active Citizens.
by The Ticked Off Ohioan 2005-05-31 09:54AM | 0 recs
Re: There's a Toledo Blade...
heh, we both said it was "absurd" imagine that !

My traffic went through the roof today too.

by Pounder 2005-05-31 01:52PM | 0 recs
Re: There's a Toledo Blade...
Yeah, I had a spike also :o)
by The Ticked Off Ohioan 2005-05-31 07:22PM | 0 recs
What's The Problem?
This is Standard Operating Procedure for Republicans -- get in power, steal money from working Americans, and give it to your GOP cronies.

We live in a country run by Republican Kleptocrats -- they can't help themselves, stealing is what they do!

Since the Washington Press Corps got the vapors thinking about Clinton's zipper, that makes anything Bush does A-OK!

Al Capone was a (non-collectable) two-bit punk, compared with this crew of gangsters.

by ck 2005-05-31 08:13AM | 0 recs
Rare coins?
Maybe Social Security could be put into rare coins!

At least then Bush couldn't run around claiming the Trust Fund doesn't exist!!!

Not to be an ass, but is picking an obviously weird conduit the best means for running a scam?

If nothing else, there will always be a few people looking at what you're doing just to see whether you're onto to something or not.

Also, collectibles aren't exactly the best investment, as the disclaimers on all the commercials and shows and magazine ads will tell you.

Even if Taft didn't know Noe was stealing, he should be should for a criminal level of fucking supidity.

Rare coins?

by jcjcjc 2005-05-31 08:19AM | 0 recs
Re: Rare coins?
Not to be an ass, but is picking an obviously weird conduit the best means for running a scam?

You don't run a scam with the conduit you want.  You run a scam with the conduit you have.  

;-)

by paperwight 2005-05-31 08:39AM | 0 recs
Framing this topic
We have here a great fraud story with legs, but we need to keep in mind the need to frame it in terms of the profile of the citizens who have been defrauded.  Who, afterall, gets Workman's Compensation?  What is the moral message of those who would violate their public stewardship roles and "hurt" this particular part of our community?

We need to lard the overall fraud story here with profiles of people who have been hurt on the job and have no other resources other than the ability to sell their labor.  That is the slice of the electorate that needs to be alienated from Republicanism, and that is an audience that is most open to seeing this case in morality tale terms.  

by Sara 2005-05-31 10:32AM | 0 recs
This is Why Ohio Went to Bush
by MNPundit 2005-05-31 11:09AM | 0 recs
Old Bulls
Time to see if we can get Metzenbaum to run for governor, he could raise hell and throw the bums out.  I would love to see him rip Blackwell et al apart.  Howard was always great theater
by Demo Dan in Dayton 2005-06-01 02:40PM | 0 recs
i want link you
Shanghai Lily Bearing Manufacturing Co.,Ltd Lily bearings, inc.
We are a professional manufacturer and trader of bearings and other industrial products which is making all kinds of bearings such as flange ball bearings , thrust ball bearings ,ceramic ball bearings , stainless steel bearings , special bearings , Miniature Ball Bearing ,Angular Contact Ball Bearings ,Tapered Roller Bearing ,Needle Roller Bearings , Self-Aligning Ball Bearing , Spherical Plain Radial bearings and Rod Ends , Thrust Self-Aligning Roller Bearing , Pressed Economic Bearings , Insert Ball Bearing Units , Automotive Bearings , Double Row Deep Groove Ball Bearing , Water Pump Bearings , Insert Ball Bearings , Cylindrical Roller Bearings , etc.

Ningbo xinxing Pneumatic Goods Co., Ltd. xinxing ail tools, inc.
Ningbo xinxing Pneumatic Goods Co., Ltd.is Join venture which is speciallzing in producing of all kind of Pneumatic tools such as air tools, Air angle grinder , Air impact wrench, High speed air drill , In-Line air drill , Revrsible Air Drill ,KEYLESS AIR DRILL , DRIVE AIR RATCHET WRENCH , AIR D . A .SANDER , AIR ANGLE SANDER , PROFESSIONAL SANDER , AIR BODY SAW , AIR IMPACT SCREW DRIVER , JITTERBUG SANDER , AIR MULETIPLE NEEDLE SCALER ,AIR HAMMER , AIR DIE GRINDER KIT , AIR CUTTER-GRINDER KIT , AIR TOOL KIT , AIR IMPACT WRENCH KIT , AIR HAMMER KIT , AIR DRILL KIT , SHANK CHISELS , AIR MICRO DIE GRINDER KIT ,AIR ACCESSORY KIT , AIR LINE OILER ,AIR BLOW GUN ,MONTED STONE , QUICK COUPLER BRASS SET , AIR REGULATOR , GRINDING STONE , MINI REGULAOR , SWIVEL CONNECTOR , PAD OF6”SANDER , NPT(M) Q.C.PLUG , NPT (F)QUICK COUPLIER ,NPT M&F THREADS etc.

Well Way Electrical Co, Ltd. Well Way weatherproof fluorescent fixture, inc.
Well Way Electrical Co, Ltd. is speciallzing in producing of all kind of outdoor fluorescent fixture , waterproof fixture fluorescent , weatherproof fluorescent fixture , ip65 fluorescent fixture etc

China Ningbo Redfir Hi-Tech Board Industry Co., Ltd hongshan aluminum aluminium composite panel, inc.
China Ningbo Redfir Hi-Tech Board Industry Co., Ltd is speciallzing in producing of all kind of aluminum composite panel, aluminium composite panel, aluminum plastic composite panel,aluminium plastic composite panel etc China Saivs Casting CO.,LTD. is one of specialized manufacturer and exporter of various casting including Lost wax casting ,Investment casting,Pressure die casting ,Stainless Steel Casting , Steel Casting,quick coupling,aluminium casting,Die casting,aluminum casting,sand casting in China.Manufacturer of China.Product of China.Supplier of China.Factory of China.Exporter of China.Kaiyuan Pneumatic Engineering Co.,Ltd.main products are air source treat-ment element, solenoid valve,penumatic fitting,pneumatic components,pneumatic cylinder etc.NingBo Grand Fiberglass CO.,LTD. main products are fiberglass,fiberglass mesh ,fiberglass tape ,drywall joint tape,self adhesive fiberglass tape,FRP grating,FRP profile etc.
by 2005-08-18 06:04PM | 0 recs
by 2005-09-11 06:14PM | 0 recs
Re: Ohio coin scandal beginning to rock the GOP

very nice blog!

by Gading 2006-05-22 10:47AM | 0 recs

Diaries

Advertise Blogads