Dear Ohioans -
Thinking about voting Republican in '06?
Just say . . . Noe !
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6 Comments:
Dear friends,
We owe a great deal of debt to the Toledo Blade for uncovering this story. Without the press as a watchdog there are things the people would never know. Support your media outlets and let them know they are doing well when they cover cover both sides of an issue. Don't let the conservative letter writing campaign to the DDN and others limit coverage and support of liberal ideas. If the conservatives have their way we would never hear about the Noes!
Our Republican brethren have given us a great example of what happens under one-party rule. Without an opposition party, there was nothing to stop BWC from investing in this risky coin scheme.
This is an AP Wire Story taken from a Colorado TV station. These missing coins have been keeping some strange company around the country.
Steve Brack
+1 937 304 7051
steveb_ohio@yahoo.com
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Authorities Seize Rare Coins From Ex-Employee Of Ohio Dealer
Jun 7, 2005 8:02 am US/Mountain
COLUMBUS, Ohio (AP) The investigation of coin dealer Tom Noe's dealings with the Bureau of Workers' Compensation is expanding to look at the agency's other investments.
Investigators will begin reviewing the bureau's investment practices and those involved with those decisions, David Freel, executive director of the Ohio Ethics Commission said Monday.
In Colorado, authorities seized hundreds of rare coins, computers and documents from the home and office of a former Noe employee Friday, officials said.
Several Ohio agencies, including the Ethics Commission, have been looking into former public officials and employees as part of the investigation of Noe's investment of $50 million in state money in rare coins.
Inspector General Tom Charles is looking into Noe's connections to Gov. Bob Taft's staff and what the governor's staff may have received from the suburban Toledo coin dealer.
Noe's attorney has said that $10 million to $12 million is missing from the coin fund. The bureau hired Noe, a prominent Republican contributor, in 1998 to invest money in coins to hedge its investments in stocks and bonds.
The bureau also hired 24 other fund managers to invest the bureau's money. Freel would not discuss whether the Ethics Commission intends to look at those other fund managers and their investments.
About 10 technicians and investigators executed warrants at the home and office of Michael Storeim in Evergreen, Colo., on Friday, said Jacki Tallman, a spokeswoman for the Jefferson County Sheriff's Office.
Tallman said investigators also took custody of 3,500 bottles of wine and seized about 250 Cuban cigars from Storeim's home.
Colorado authorities are conducting a separate criminal investigation involving possible felony theft and forgery charges, she said, but are sharing information with Ohio officials.
"Ours is a very active and aggressive investigation,'' she said.
Storeim managed Numismatic Professionals, a Colorado subsidiary set up by Noe to buy and sell rare coins in the state, before he resigned in March 2004. At least 121 coins owned by the bureau have been reported missing or stolen from the Colorado office.
Tallman said some of the items from the searches may have been purchased with Numismatic funds.
Storeim attorney Brian Jeffrey told The (Toledo) Blade in a prepared statement that his client is convinced that a thorough investigation will exonerate him, the newspaper reported Monday on its Web site.
Storeim has sued Noe, saying Noe had two associates confiscate $500,000 worth of Storeim's property.
The state plans to sell its coin collection, which represents less than 1 percent of the bureau's total $14 billion in investments, and Noe has resigned as manager of the investment.
On Monday, the state formally hired former federal bankruptcy judge William T. Bodoh to oversee the liquidation of the state's two coin funds.
The Controlling Board approved a $75,000 contract with Bodoh's firm, Cincinnati-based Frost Brown Todd. The firm will be paid $175 an hour for a contract that runs through June 30, the end of the budget year.
(© 2005 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. )
Nice flag. I think I'll save a copy if you don't mind.
Jeff
While the State Investment scandal deserves alot of press,we have huge trouble right here in River City.The Hilter of Riverside better known as Curp the terrible has blasted yet another round of employees and City Manager number five out the door.When are the People of Riverside going to put this guy down the road? We deserve much better than we are getting and maybe the Riverside Democrat Club can do a little more than talk,how about getting busy with the RECALL for this MONSTER !!!
How can the people let the BWC disregard the Laws that the Supreame Court of Ohio has passed. On 06/16/06 I filed a C-240 form for settlement in with a signed Company agreement. This became A binding contract on 07/17/06 with the 30 day waiting period set forth by Law. On 08/07/06 I received a letter from the BWC saying that Wausa Paper could not afford the Settlement which they had previously signed and filed with thw BWC and also reffering to RC 4123.65, This was many days past the time limit set by the Law, The BWC decided that this will go away and since are hiding and think they are above the Law.
Ohio BWC thinks its above the Law. On 06/16/06 I entered into an agreement with Wausa Paper for settlement upon filing a C-240 form which they had agreed by signing ,dating ,and filing the form with the BWC. This became a binding contrct on 07/17/06 after the 30 day waiting period set forth by the Ohio Supreane Court R.C 4123.65, On 08/07/06 I received a letter from the BWC saying the Company had withdrawn its offer due to not being finacialy able. This is disregard of the binding contract which had been agreed upon many days prior, As to not being finacially able they have paid dividends of .89 the past year. I have tried with no resolve because to contact the Ohio BWC And it has decided to Hide from this matter in hopes it will go away.
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