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» Tuesday, November 14, 2006

CoinGate Tom Noe Guilty

29 felony counts... Previously convicted felon Tom Noe, the Ohio Republican crook who used Workers' Compensation funds to invest in his rare coin deals was found guilty once again yesterday.   As noted in the article below :: "U.S. District Judge David Katz sentenced Noe to 27 months in federal prison on Sept. 12 for violating federal campaign finance law. Noe illegally poured more than $45,000 into the re-election campaign of President Bush in 2003."

What makes people think they can get away with this kind of thing...?   Do they think they have the right to take advantage of the public trust just because they think they deserve more out of life than someone who draws a minimum wage paycheck...?   This exact type of thing is what brought the Republicans down on Nov. 7th, 2006.   And rightly so...   - fc
toledoblade.comNoe guilty of 29 felony counts; convictions include racketeering, theft, forgery

Tom Noe, the once high-flying Republican financier who went from college dropout to millionaire coin dealer, was found guilty today of stealing money from the Ohio Bureau of Workers' Compensation and using the cash to erase debts and buy and furnish million-dollar homes.

Noe was found guilty of 29 of 40 charges, including theft, corrupt activity, money laundering, forging records and tampering with documents. He was convicted on the chief charge that he engaged in a pattern of corruption in his management of Ohio's $50 million rare-coin fund investment with the bureau.

The corrupt activity charge was the most serious, carrying a minimum mandatory 10-year prison sentence.


* ENGAGING IN A PATTERN OF CORRUPT ACTIVITY: One count, mandatory 10-year sentence.

* AGGRAVATED THEFT: Two counts, six months to 1.5 years on first count, three years to 10 years on second count.

* MONEY LAUNDERING: Four counts, 1-5 years on each count.

* TAMPERING WITH RECORDS: Four counts, 1-5 years on each count.

* FORGERY: 18 counts, six months to one year on each count.

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