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Aug
10

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.


Joe Paduda is the principal of Health Strategy Associates

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A national consulting firm specializing in managed care for workers’ compensation, group health and auto, and health care cost containment. We serve insurers, employers and health care providers.

 

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