Tuesday, May 31, 2005

Political Change

Ohio taxpayers are missing as much as $13 million dollars from their workers' compensation fund. That's more than a quarter of what they had invested in two rare coin funds.

At the center of the storm, Thomas Noe.

He's a major fundraiser for the GOP in Ohio -- and a "Pioneer," raising $100,000 as a money man for President Bush's 2004 campaign. Mr Noe is also a rare coin dealer. His ties to politicians put him in good graces to win control of managing two of the investment deals -- a total of $50 million in state money.

Mr Noe is under six separate investigations. The Feds are looking at all that money he raised to become a Bush Campaign Pioneer. (NYT)

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