Ohio Law

News and Announcements from the Supreme Court of Ohio and Other Governmental Entities Within the Buckeye State.

Friday, May 27, 2005

Coingate: $10-12 Million Missing

The Toledo Blade reports on the latest in the burgeoning Coingate scandal:

The Ohio Attorney General’s office announced yesterday that the state of Ohio will immediately pursue civil and criminal measures against Maumee coin dealer Tom Noe after his legal counsel informed the state that a substantial amount of assets from his Capital Coin Funds are missing.

Mr. Noe’s legal counsel advised the state that $10 million to $12 million of the state’s assets held by Capital Coin are unaccounted for.

The Ohio Bureau of Workers’ Compensation has invested $50 million with Mr. Noe’s rare-coin funds since 1998.



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