A federal state team is being formed to investigate the disappearance of up to $12 million in missing coin investments belonging to the Ohio Bureau of Workers' Compensation, Franklin County Prosecutor Ron O'Brien confirmed yesterday.

Meanwhile, a spokesperson for Ohio Republican Governor Bob Taft said he will name a new chief executive officer for the bureau this week to fill the vacancy created by last week's resignation of James Conrad in the wake of the coin disappearance.

The coin investment probe is centering on Tom Noe, a partner in Capital Coin and heavy Republican contributor, who served as one of the bureau's investment managers.

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