CLEVELAND, Ohio – A bank that loaned $400,000 to the man at the center of investigations into the state's $55 million investment in rare coins (search) can seize money from his accounts, a judge has ruled.
Cleveland-based National City Bank claims coin dealer and prominent Republican fundraiser and contributor Tom Noe (search) owes $203,423 from a business loan he took out in 1997. The loan was for his business.
The bank sued last month in Lucas County Common Pleas Court, and a judge this week said the bank could take steps to get its money back by seizing it from Noe's accounts.
Jessica Hamner, Noe's lawyer in the National City case, declined comment through a secretary.
Access to Noe's money could be complicated by a Franklin County judge's order last month freezing his assets. That order came in response to Attorney General Jim Petro's lawsuit seeking to return control of the coin investments to the Bureau of Workers' Compensation (search), which had hired Noe to manage them.
State and federal authorities are investigating Noe, who headed the Bush-Cheney campaign in northwest Ohio, for possible campaign finance violations and other allegations.