Bush "Pioneer" Tom Noe is accused of bilking the Ohio Bureau of Worker's Compensation out of millions of dollars in a rare coin investment scam known as "coingate" and laundering the money into the George W. Bush's reelection campaign.
The Toledo Blade reports that Noe, a rare coin dealer, also worked his way into a position of influence at the US Mint.
Advisory post gave Noe voice in U.S. Mint policyWASHINGTON — In the months before Tom Noe came under scrutiny for his state-funded rare-coin venture, he used a federal appointment to forge relationships with U.S. Mint officials that opened doors for him on Capitol Hill, documents obtained by The Blade show.
And before he was brought down by scandal last year, the coin dealer helped persuade Congress — for the first time in the nation’s history — to authorize the minting of a 24-karat gold coin.
Mr. Noe’s quest to become a Washington power broker and to help redesign all U.S. coins fell apart last year when controversy gripped the $50 million rare-coin investment he managed for the Ohio Bureau of Workers’ Compensation and federal authorities announced they were investigating the GOP fund-raiser for allegedly laundering political contributions to President Bush’s campaign. [Toledo Blade]
A US Mint official told the Toledo Blade that the Treasury Department’s inspector general has launched an investigation in Noe's activities as a member, and later as chairman of the Citizens Coinage Advisory Committee, a body that advises the Treasury Secretary on designs for coins and medals.
Via The Raw Story.
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