Feb 13, 2006

Noe Indicted By Grand Jury On 53 Felonies

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(Toledo, OH) Thomas W. Noe, the coin dealer and Republican fundraiser whose $50 million state coin investment sparked an embarassing political scandal, was indicted today by a Lucas County grand jury on 53 felony counts.

The charges include 11 counts of theft, 11 of money laundering, 8 of tampering with records, 22 of forgery, and one count of "engaging in a pattern of corrupt activity." He could be sentenced to a maximum 175 years in prison if convicted on all charges.

Noe has maintained his innocence throughout the various local, state, and federal investigations. Noe's attorney publicly announced a "shortfall" of up to $13 million of funds given to him by the Ohio Bureau of Workers' Compensation. The state attorney general maintains that Noe stole up to $6 million of state monies.

Noe was recognized as a Bush "pioneer" for raising over $100,000 for the President's 2004 re-election, and he has donated to campaigns of many local and national Republicans.

More as it develops...

1 comment:

Hooda Thunkit said...

Mostly smoke & mirrors, but something will stick. 53 is just too big of a number to be ignored.

If he is guilty, he should pay the piper...