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HIGHLIGHTS



Published: Sat, October 21, 2006 @ 12:00 a.m.



HIGHLIGHTS

Investment scandal

Developments during the first week from the trial of coin dealer Tom Noe:

Prosecutors in their opening statement said Tom Noe began stealing from the 50 million state investment as soon as he received it in 1998.

Defense attorneys said Noe's contract with the Ohio Bureau of Workers' Compensation allowed him to borrow money from the investment fund or loan it to others.

Noe's former personal assistant testified he told her that the state's money was like having access to an ATM.

An internal auditor at the bureau testified that Noe had complete control over the coin fund and authority to loan money to others. The auditor said he recommended ending the deal with Noe but his bosses disagreed.

Associated Press




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