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Coingate! Nov. 04 Election??

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FreedomAngel82 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-12-05 10:17 PM
Original message
Coingate! Nov. 04 Election??
Link: http://www.latimes.com/news/nationworld/nation/la-na-
noe12jun12,0,1222608,full.story?coll=la-home-nation

Snip: <TOLEDO, Ohio — Not that long ago, Tom Noe was a regular and welcome
figure in political circles throughout the state.

For years, the rare-coin dealer and collector and his wife,
Bernadette, had contributed to and helped raise tens of thousands of
dollars for GOP candidates.

Noe gave campaign contributions to five of Ohio's seven Supreme
Court justices and to President Bush's reelection campaign. He gave
money to newly elected California Gov. Arnold Schwarzenegger in the
spring of 2004.

Now, Noe is at the center of a political and financial scandal
revolving around an unorthodox $55.4-million fund for the state's
workers' compensation bureau that involved the buying and selling of
rare coins.

Last month, authorities learned that at least $12 million of the
state's investment for injured workers was missing. Two gold coins,
worth about $300,000, had somehow been lost in the mail.

The director of the state bureau voluntarily quit. A judge has
ordered the return to Ohio of coins stored in four other states and
has frozen the Noes' assets.

And as state officials prepare to file criminal and civil charges
against Noe, 50, the GOP is stampeding away from the former Lucas
County GOP chairman. Dozens of Republicans — including Bush,
Schwarzenegger and Ohio Gov. Robert A. Taft — are returning more
than $100,000 in donations.

Because campaign laws prevent the politicians from giving the money
directly back to Ohio, they have been writing checks to a slew of
Ohio charities. Some are sending checks to organizations that help
injured workers; others are opting to give to hospitals.

State authorities, prompted by what has been dubbed "Coingate," are
examining what other investments the embattled workers' compensation
bureau has made. Last week, the bureau said that it had lost $215
million in a high-risk hedge fund.>

More...
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shraby Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-12-05 10:19 PM
Response to Original message
1. Link doesn't work for me..error page.
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seafan Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-12-05 10:26 PM
Response to Reply #1
2. Try this link:
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Chipper Chat Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-12-05 10:28 PM
Response to Original message
3. This is not the main issue, but why would Noe contribute to
Ahhnuld's campaign? Schwartzenegger is one of the world's richest men and didn't need help.
As Deep Throat said; "follow the money."
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converted_democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-12-05 10:47 PM
Response to Reply #3
4. I could be wrong, but I think they are talking about the Ohio supreme
court justices. Quite a few of the justices took money from Noe. The speculation is about when the money was received, because they ruled on the Ohio election fraud in short order. Also, all but one of the justices has now chosen to recuse themselves from any trial associated with Noe.
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LightningFlash Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-12-05 11:49 PM
Response to Reply #4
5. Not surprising, even Tom Moyers took money from Noe.....
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Moderator DU Moderator Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-13-05 07:37 AM
Response to Original message
6. FreedomAngel82
Per DU copyright rules
please post only four
paragraphs from the
copyrighted news source.


Thank you.


DU Moderator
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