Toledo Blade has another update on the Ohio GOP's coin-gate scandal:
The Ohio Bureau of Workers’ Compensation acknowledged yesterday that Tom Noe has paid far less to the state from rare-coin investments than previously reported.$5.4 million....man, it's good to be Tom Noe in Ohio. Well, it must have been good to be Tom Noe. It was good before the Toledo Blade started investigating...and before the US Attorney started investigating....and before the Ohio Inspector General started investigating. Now even State Auditor (and Republican Candidate for Governor) Betty Montgomery has started investigating....although she had to be shamed in to it.
Bureau officials said they decided last year to allow Mr. Noe, a prominent Republican fund-raiser and local coin dealer, to reinvest $5.4 million in alleged profits from two coin funds established with $50 million from the state, rather than take a payment from him.
For the past several weeks, bureau officials have told reporters that Mr. Noe had turned over $13.3 million in rare-coin profits.
Copies of checks provided to The Blade — and signed by Mr. Noe — add up to $7.9 million.
Bureau spokesman Jeremy Jackson said yesterday that Mr. Noe was allowed to retain $5.4 million in profits and reinvest them in his rare-coin funds.
All this investigating can't be good for Noe and the Ohio GOP.
