Noe's ex-bookkeeper testifies fund transfers were labeled as coin purchases

By MIKE WILKINSON
BLADE STAFF WRITER

A former bookkeeper for Tom Noe testified this morning that he was told to label $2.75 million in transfers from state funds to Noe’s personal business as coin purchases, yet never saw any documentation to verify any coins were bought.

In the first specific evidence yet of financial mismanagement with the Ohio Bureau of Workers’ Compensation rare-coin funds managed by Noe, Tom Peters said the transfers were never supported with evidence that Noe’s personal business sold inventory to the state’s two coin funds.