This past Monday, Tom Noe was sentenced to 18 years in an Ohio state prison for his conviction on 29 various counts of theft, corrupt activity, money laundering, forging records, and tampering with documents in his management of the Ohio Bureau of Worker’s Compensation (BWC) $50 rare coin fund. Noe was fined $213,000 and order to pay the estimated $3 million cost of his prosecution. He is also required to reimburse the money he stole from the BWC, which is estimated at $13.7 million.
Noe will begin to serve his sentence after serving a 27-month federal sentence for felony campaign finance violations. Noe was free on $500,000 bond during the state trial.