Attorney General Jim Petro Files Suit Against Noe Coin Funds

COLUMBUS - Attorney General Jim Petro has filed suit on behalf of the Bureau of Worker's Compensation (BWC) against Thomas Noe, Inc., asking the Franklin County Common Pleas Court to grant a preliminary injunction effectively moving the control of Capital Coin I and II to the BWC.

“On behalf of BWC and in the best interest of protecting the fund, I am asking the court to immediately give BWC complete control of the Coin funds,” said Petro.

In the lawsuit filed in Franklin County Common Pleas Court, Petro asks the court:

To stop the company from selling, transferring, disposing or removing any of the assets of the two Coin funds without BWC consent
To immediately freeze the assets of the Coin funds
For an accounting to be done to determine assets, liabilities and obligations of the Coin funds
To allow for the assets of Coin funds to be marshaled to locations determined by BWC
For the BWC to be in complete control (Mr. Noe, having agreed to step down as manager) of the funds
The complaint is filed under both Attorney General Jim Petro and Judge William Bodoh's signatures acting on behalf of BWC to liquidate the Coin company's funds