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Ohio Coin Scandal

category international | miscellaneous | other press author Saturday June 11, 2005 01:15author by Bliss

Democrats Eye Unfolding Ohio Coin Scandal

By JOHN SEEWER, Associated Press Writer

TOLEDO, Ohio - A disastrous investment by the state in rare coins has erupted into both a financial and political scandal, with Ohio's Republicans running for cover and the Democrats seeing great opportunity.

At least $10 million is feared missing from a $55 million fund that the Ohio Workers' Compensation Bureau set up in a risky and highly unorthodox foray into the buying and selling of coins. The investment was managed by coin dealer Tom Noe, a prodigious fundraiser who has showered contributions on Republicans in Ohio and beyond.

Related Link: http://news.yahoo.com/s/ap/20050610/ap_on_re_us/coin_politics

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Bureau of Workers' Compensation: http://www.ohiobwc.com

Ohio GOP: http://www.ohiogop.org

Ohio Democratic Party: http://www.ohiodems.org

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