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When bureau fraud investigators entered Mr. Noe’s office in Monclova Township yesterday, Mr. Noe’s attorney informed them that the state owned investments including cards, autographs, paintings, and other collectibles, said Jeremy Jackson, the bureau’s press secretary.
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Mr. Jackson also coinfirmed that the bureau has discovered a $530,000 loan that Mr. Noe's fund made to an unknown person. The loan was secured with collectibles, he said. Meanwhile, for a third consecutive day, Mr. Noe yesterday refused to show state fraud investigators who visited his headquarters any of the rare coins he says were purchased with $50 million in state money.
On Monday, state fraud investigators attempting to take an inventory of the coins held at Mr. Noe’s Monclova Township headquarters were turned away. They were refused entrance again Tuesday. They were allowed yesterday to enter the office, which houses Mr. Noe’s Vintage Coins & Collectibles business, but were not shown any of the state’s coins, said Jeremy Jackson, a spokesman for the bureau.
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A number of state officials and agencies, including Gov. Bob Taft, the inspector general, auditor, secretary of state, and Ohio Ethics Commission have called for investigations or audits into the coin fund, Mr. Noe, and people associated with the state’s investment. Additionally, Mr. Noe, a prominent Republican fund-raiser, is under investigation by the FBI for possible campaign-finance violations concerning contributions to the Bush re-election campaign.
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