Eye institute to occupy Noe building
Michigan
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Eye Institute to occupy Noe building
The Eye Institute of Northwest Ohio will move into the former headquarters of indicted rare-coin dealer Tom Noe this summer.
Frank and Carol Kollarits completed a $1 million deal with NRS Partnership on Feb. 1 to purchase the Monclova Township building that housed Mr. Noe's Vintage Coins and Collectibles since the mid-1990s.
Mr. Noe vacated the property last spring amid the scandal of his handling of the state's $50 million rare-coin venture, which led to his 53-count felony indictment last week on corruption and theft allegations.
A judge approved Mr. Noe's request to sell his interest in the NRS Partnership last fall, which was expected to rake in about $250,000.
The judge later ordered that the proceeds of all Noe asset sales be placed into a court-controlled account, pending the outcome of the state's lawsuit against the rare-coin dealer.
Carol Kollarits said yesterday that she had no communication with Mr. Noe during the purchase.
"I felt bad, and in some ways I didn't want to be accused of contributing to the Tom Noe defense fund," Dr. Kollarits said.
"My understanding was the money would not go to him and the funds from the sale that would have gone to him are tied up by the court.
"Hopefully, that money will go back to reimbursing the state for the money that was lost in those coin funds."
The Eye Institute of Northwest Ohio will move into the former headquarters of indicted rare-coin dealer Tom Noe this summer.
Frank and Carol Kollarits completed a $1 million deal with NRS Partnership on Feb. 1 to purchase the Monclova Township building that housed Mr. Noe's Vintage Coins and Collectibles since the mid-1990s.
Mr. Noe vacated the property last spring amid the scandal of his handling of the state's $50 million rare-coin venture, which led to his 53-count felony indictment last week on corruption and theft allegations.
A judge approved Mr. Noe's request to sell his interest in the NRS Partnership last fall, which was expected to rake in about $250,000.
The judge later ordered that the proceeds of all Noe asset sales be placed into a court-controlled account, pending the outcome of the state's lawsuit against the rare-coin dealer.
Carol Kollarits said yesterday that she had no communication with Mr. Noe during the purchase.
"I felt bad, and in some ways I didn't want to be accused of contributing to the Tom Noe defense fund," Dr. Kollarits said.
"My understanding was the money would not go to him and the funds from the sale that would have gone to him are tied up by the court.
"Hopefully, that money will go back to reimbursing the state for the money that was lost in those coin funds."
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Comments
<< <i>All those in favor, say "Eye". Those opposed, "Noe". >>
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Russ, NCNE
<< <i>All those in favor, say "Eye". Those opposed, "Noe". >>
Ow!!! Now that hurts.
I see some of those coins are going to be going up for auction
<< <i>
I see some of those coins are going to be going up for auction >>
Maybe the Coingate pedigree will command a premium for the
coins....
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.