Tom Noe, chairman of President Bush's 2004 re-election campaign in northwest Ohio, a "pioneer" for Bush (raising over $100,000 for him), and the person who the Republican leaders of Ohio gave $50,000,000.00 to invest in rare coins, diverted taxpayer money for his own use, Including major cash contributions to republicans.
Tom Noe often transferred tens of thousands of dollars from the Ohio rare-coin funds he managed to his personal business before bankrolling Republican candidates and causes with contributions and loans.
A Blade examination of the accounting records from Mr. Noe's $50 million rare-coin venture shows a pattern of large sums of money moving from the coin funds to his personal business, Vintage Coins and Collectibles, in the days and weeks before the coin dealer and his wife, Bernadette, made contributions to Republican candidates ranging from President Bush to U.S. Sen. George Voinovich and Gov. Bob Taft down to Lucas County Auditor Larry Kaczala.
So the end result; A Republican Governor, with the Backing of a Republican house and Republican Senate, gave $50,000,000.00 taxpayer dollars to a Republican political operative. That Republican operative then skimmed off what he wanted, and then paid back all his republican friends, by giving money to various elected Republicans, Including President Bush (republican) , Governor Taft (republican) , Senator Voinovcich (republican), and nor doubt many more (republican).
Heck of a great way to fund a political movement, let the taxpayers do it.