Thomas Noe, coin dealer and Republican fundraiser was indicted today on 53 felonies, including theft of more than $1 million. Noe’s “$50 million state coin investment sparked one of the biggest scandals in Ohio state government history.”
The charges include engaging in a pattern of corrupt activity, 11 counts of theft, 11 of money laundering, 8 of tampering with records and 22 of forgery. He could be sentenced to a maximum 175 years in prison, although such a sentence is considered unlikely.
However, Franklin County Prosecutor Ron O’Brien said Noe faces a mandatory minimum of 10 years behind bars if he is convicted of engaging in a pattern of corrupt activity, a first-degree felony patterned after the federal racketeering law often used against suspected mobsters.
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