Thursday, May 26, 2005

Rare Paper

Not just rare coin, but rare paper in the Ohio scandal. This should be the gift that keeps on giving.

COLUMBUS, Ohio - The Ohio Bureau of Workers' Compensation, which gave $55.4 million to an Ohio coin dealer to invest, said it was surprised that an inventory of assets is turning up more than rare coins.

"We had not heard about being involved in any collectibles. Our expectation was that we have investments only in coins," spokesman Jeremy Jackson said.

Attorney William Wilkinson, who represents Maumee coin dealer Tom Noe, said coins were one aspect of the investment plan.

"The investments included non-coin collectibles, things like valuable letters and papers," Wilkinson said. "These are assets of the coin funds. There is an enormous inventory of non-coin collectibles."

E&P has more.