Ohio watchdog to do report on 'Coingate' scandal

Tom Noe

The state watchdog says he's preparing an investigative report on the investment scandal that engulfed Ohio in 2005.

In a statement Thursday, Inspector General Randall Meyer said he couldn't give a timeline for releasing the report.

Tom Noe was the former coin dealer and Republican fundraiser at the center of a scandal.

He's serving 18 years in prison for stealing from a $50 million rare-coin fund he oversaw for the Ohio Bureau of Workers' Compensation.

The scandal he touched off resulted in 19 convictions, including then-Gov. Bob Taft.

Meyer initially indicated no report would be issued because years have passed, the IG's office changed hands, and extensive details were revealed through the criminal process.

Common Cause Ohio threatened this week to sue over the missing report, suggesting a cover-up.