Thomas Noe, a prominent rare-coin dealer and Republican fund raiser who was convicted last week of theft, corrupt activity and forgery, was sentenced today in a Toledo, Ohio, courtroom to 18 years in prison.
The sentenced is to be served in addition to a two-year, three-month sentence imposed in September on federal charges of illegally funneling money to President Bush’s reelection campaign.
Mr. Noe, 52, abused a position of trust as an investment manager for the Ohio state workman’s compensation fund, Judge Thomas Osowik said in imposing the sentence in televised proceedings today. For this reason, he said, Mr. Noe deserved more than the 10-year minimum sentence for the charges.
Mr. Noe was supposed to use state money to buy and sell rare coins as an investments for the compensation fund. Instead, prosecutors said, he used some of the money to pay off his own business debts and to finance a lavish lifestyle. They said he falsified records to conceal the illegal activity.
He was tried on 40 separate state criminal counts and was convicted on 29 of them last week, after rejecting a plea deal offered by prosecutors that would have called for less time in jail.
Mr. Noe was a key figure in financial scandals that cost Republicans a U.S. Senate seat in Ohio as well as four of the five statewide offices in elections this fall, after controlling those positions for 12 years. Governor Robert Taft, a Republican, pleaded no contest to charges that he failed to report golf outings and other gifts, in a case that stemmed from the investigation of the rare-coin affai