Timeline in the Noe Case - News, Weather, Sports, Toledo, OH

Timeline in the Noe Case

Key events in the Ohio investment scandal:

1998

  • The Ohio Bureau of Workers' Compensation invests $25 million and appoints coin dealer Tom Noe to oversee the buying and selling of rare coins. The deal allows Noe to keep 20 percent of the profits.

2001

  • The bureau invests another $25 million with Noe.

2003

  • October 30: President Bush holds a $1.4 million fundraiser at a downtown Columbus hotel attended by Noe.

2005

  • April 3: The (Toledo) Blade reports that Workers' Compensation has invested $50 million in rare coins with Noe, a top Republican donor and fundraiser in Ohio.
  • April 7: The state's inspector general says he will review Ohio's investment of millions of dollars in rare coins. Gov. Bob Taft defends the deal, saying Noe is making money for the state.
  • April 27: Noe's attorney confirms that federal investigators are looking into whether Noe tried to bypass election donation limits by giving others money that they contributed to President Bush's re-election campaign.
  • May 9: Workers' Compensation decides to end coin investment and sell off the coins it owns.
  • May 10: Noe resigns from Ohio Board of Regents and the Ohio Turnpike Commission. The Ohio Ethics Commission later says he did not file required disclosures that he was doing business with the state while on the commissions.
  • May 16: The state auditor says her office will examine the coin investment.
  • May 23: Taft says he wants to know the status of all rare coins held by Noe. Inspector General Tom Charles asks Taft's office for several years' worth of phone records and e-mails, saying he wants to know more about what the governor's staff may have received from Noe.
  • May 24: Ohio sues to freeze the assets and take control of two collections of rare coins.
  • May 26: Investigators raid Noe's business and begin seizing coins and other collectibles. State officials say they plan to sue Noe and seek criminal charges.
  • May 27: Workers' Compensation director James Conrad resigns under pressure from Taft.
  • June 1: Taft and other statewide officeholders say they will return campaign contributions from Noe and his wife that total more than $100,000. A federal grand jury begins hearing from witnesses as part of investigation into whether Noe tried to bypass election donation limits.
  • June 3: The Republican National Committee says President Bush will return $4,000 in campaign contributions from Noe. The RNC will give back $2,000.
  • July 29: Brian Hicks, Taft's former chief of staff, pleads no contest and is convicted failure to report stays at Noe's Florida vacation home in 2002 and 2003.
  • Aug. 18: Taft pleads no contest to charges that he broke state ethics law by failing to report golf outings, including two with Noe, and other gifts and was fined the maximum $4,000. No jail time is ordered.
  • Sept. 29: Attorney General Jim Petro accuses Noe of stealing as much as $4 million of the coin funds for his own use.
  • Oct. 27: Noe indicted on charges of funneling $45,400 to President Bush's re-election campaign to skirt giving limits in federal campaign finance laws.

2006

  • Feb. 10, 2006: Former Taft aide Doug Moormann is charged with violating ethics law by failing to report a $5,000 loan from Noe in 2004. On the same day, former Taft aide Douglas Talbott is charged with violating ethics law by failing to report a $39,000 loan from Noe in 2002 and his participation in a supper club hosted and paid for by Noe at a downtown Columbus steakhouse in 2003 and 2004.  Talbott is also charged with taking $1,960 from Noe, combining it with his own money and making contributions of $1,000 each to three Ohio Supreme Court justices in violation of state campaign finance law.
  • Feb. 13: Noe is indicted in Lucas County Common Pleas Court on numerous counts of theft, money laundering, forgery and tampering with evidence, as well as engaging in a pattern of corrupt activity, for his handling of the $50 million coin investment.
  • May 31: Noe pleads guilty to federal charges that he illegally funneled donations to President Bush's re-election campaign, violating federal campaign finance laws.
  • June 8: Terrence Gasper, the workers' comp bureau's former chief financial officer, pleads guilty to a federal racketeering charge and to state charges of money laundering and failing to report gifts. He says he is cooperating with prosecutors, who say they expect additional indictments.
  • June 28: Four current or former officeholders pleaded no contest to ethics charges. Investigators say the four received money from Noe and then contributed it to Bush's campaign in their own names.
  • September 13: Noe sentenced to two years and three months in federal prison for making illegal donations to Bush campaign.
  • October 10: Trial starts for Coingate case.
  • November 3: Prosecution rests in Coingate case.
  • November 6: Defense rests in Coingate case without presenting any witnesses.
  • November 13: Jury finds Noe guilty

Source: The Associated Press

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