Fedor Warns Against Opening Door To "Coingate" Scandal Repeat
Says lawmakers should focus on cleaning up corruption in state government, not resurrecting past mistakes
November 18, 2015
[ Teresa Fedor Home | Teresa Fedor Press ]

State Rep. Teresa Fedor (D-Toledo) issued a statement today on the Ohio Senate’s passage of House Bill 26, a bill restoring the tax exemption for purchases of rare coins and precious metal bullion. The sales tax exemption was initially repealed in 2005 after the Coingate scandal, which saw Lucas County Republican Chairman Tom Noe steal some $50 million in rare-coin investment funds from the state’s insurance fund for injured workers. Rep. Fedor’s statement follows:

“From the continued lack of transparency at JobsOhio to the recent “Chartergate” scandal perpetrated by top officials at the Ohio Department of Education, it is clear that Ohio continues to suffer from a severe lack of openness and accountability in state government. Indeed, a recent national study evaluating the lack of ethics in state government gave Ohio the abysmal grade of D-plus. In light of these facts, I do not understand why some politicians want to essentially resurrect the tax environment that opened the door to “Coingate,” one of the worst political scandals in state history. We need to focus on cleaning up the corruption in state government, not setting ourselves up to repeat mistakes of the past.”   

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