Response to Allegations

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Posted By: Richard Masson

I read the article multiple times to try to decipher the facts. It is very unclear. Noe convinced the state to invest $50 million in two coin investment partnerships. Who managed them? Did Noe receive a commission? Did Noe monitor or oversee the investments? Was he paid?

Separately, Noe appears to have a memorabilia/collectibles business and buys stuff from Mastro. Mastro doesn't sell many coins, if any. Why are they even mentioned in the article? Because Noe overpaid for a case of Ted Williams baseballs? I don't think the reporter understands the story he is reporting.

I also don't think Mastro has an obligation to verify the good character of their bidders or the "source" of any amounts spent in their auctions. The reporter is taking a gatuitous swipe at them.