Friday, June 03, 2005

Coin Dealer Contributions Went to Gov. Cyborg

California Gov. Arnold Schwarzenegger won't return $10,000 in contributions he received from a coin dealer at the center of an Ohio investment scandal, a spokesman said Friday.


Coin dealer Thomas Noe gave the money last year to a Schwarzenegger fund that supports the Republican governor's legislative priorities, such as limiting state borrowing to balance the budget.


Ohio's Inspector General is investigating Noe's investment of $50 million in state money in rare coins, while federal authorities are investigating whether Noe bypassed election laws in donations to Bush.


Noe's attorney said May 26 that $10 million to $12 million is missing from the fund, which was given to Noe by the state's Bureau of Worker's Compensation to raise money for the bureau by investing in rare coins.

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