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Monday, November 13, 2006

Tom Noe convicted

Tom Noe has been convicted on 29 of the 40 counts for which he was being tried:

Tom Noe, the once high-flying Republican financier who went from college dropout to millionaire coin dealer, was found guilty today of stealing money from the Ohio Bureau of Workers' Compensation and using the cash to erase debts and buy and furnish million-dollar homes.

Noe was found guilty of 29 of the 40 charges, among them numerous theft and forgery counts. He was found guilty on his chief charge that he engaged in a pattern of corruption in his management of Ohio's $50 million rare-coin fund investment with the bureau.

Because he also was found guilty of the aggravated theft, the corruption charge will carry a minimum of 10 years in prison.

Drip, drip, drip -- the water is leaking out of the Republican resevoir. Soon, hopefully, they'll all be safely locked up behind bars.

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