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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: longnshort who wrote (311385)11/20/2006 10:46:30 AM
From: Alighieri  Respond to of 1577893
 
Here's a good segway to the Ohio election results...

Al
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Ohio fundraiser gets 18 years in prison

By JOHN SEEWER, Associated Press Writer 19 minutes ago

TOLEDO, Ohio - A former GOP fundraiser at the center of a scandal-plagued state investment in rare coins that helped Democrats seize power in the midterm elections was sentenced Monday to 18 years in prison.

Tom Noe, a prominent coin dealer accused of taking at least $2 million, was convicted last week of theft, corrupt activity, money laundering, forgery and tampering with records.

"Based on a review of the record, a short prison term would demean your conduct," Lucas County Common Pleas Judge Thomas Osowik told Noe.

Noe declined to make a statement during the hearing.

Defense attorney John Mitchell urged Osowik before sentencing to consider that Noe is unlikely to repeat his crimes.

"I think it's important to consider that this was a one-time crime and set of circumstances that I think will never echo at any point in the history of this state again," Mitchell said.

Separately, Noe already has been sentenced to two years and three months in federal prison after pleading guilty earlier this year to funneling $45,000 to
President Bush's re-election campaign.

The scandal surrounding the investment that Noe managed had dogged the state GOP for more than a year, culminating this month with Democrats winning a U.S. Senate seat and four of five statewide offices after 12 years of Republican rule.

The Ohio Bureau of Workers' Compensation gave Noe $25 million in 1998, followed by another $25 million in 2001 to invest in rare coins. Democrats charged that Noe got the money because of his ties with the GOP.

Investigations into the coin investment led to ethics charges against Republican Gov. Bob Taft, who pleaded no contest to failing to report golf outings and other gifts. Four former Taft aides pleaded no contest to similar charges.