Joseph Paduda's weblog on managed care for group health, workers compensation & auto insurance, covering health care cost containment, health policy, health research, and medical news for insurers, employers, and healthcare providers.

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Illegal money laundering? Just say "Noe"

In the "we could not make this stuff up" category, former Ohio coin dealer/money manager Tom Noe (!) is set to be sentenced on September 12 for funneling illegal campaign contributions to the Bush re-election campaign . Noe is likely to spend upwards of two years in prison, and perhaps a lot "upwards". The funds totaled $42,000, and helped Noe attain the coveted "Pioneer" status in the Bush campaign.

The bad news won't end there for Noe; several weeks after his sentencing he will begin defending himself against separate charges filed by the state of Ohio relating to his alleged theft from the reserves of Ohio's Bureau of Workers Compensation. For those who have not been following Noe's transgressions, be advised, the man was pretty busy.

Joseph Paduda is the principal of Health Strategy Associates.

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April 2011

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