Ohio Rare Coin Disaster Just Got Worse...

---Geee guess election rigging in Ohio would be impossible because MOST of Ohios republicans would have to be involved in a CONSPIRACY....
Right...?---

May 26, 2005

Ohio Officials Now Believe More Than $10 Million in Rare Coins Is Missing
By Carrie Spencer
Associated Press Writer


COLUMBUS, Ohio (AP) - A scandal over Ohio's investment in rare coins deepened Thursday as authorities learned that more than $10 million in coins may now be missing. The state said it would prosecute and sue the fund's former manager.

Authorities originally had suspected that coins worth an estimated $400,000 had vanished, but an attorney for the fund manager told inspectors that $10 million to $12 million is missing, the state attorney general's office said.

That is about 20 percent of the $55 million investment by the Bureau of Workers' Compensation, which got into rare coins in the late 1990s as a way to hedge its investments in stocks and bonds.

"Such criminal action is outrageous and will not be tolerated," Gov. Bob Taft said in a news release. "We will pursue all legal avenues possible to recover these funds for injured workers and employers."

The focus of the investigation is Tom Noe, a private coin dealer and Republican donor who led the coin investment. Democrats have alleged that Noe was awarded the state's business in return for campaign contributions to Republicans, who control most of state government.

Continues...


---Damn, its like the God Father.---