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.