Thursday, October 27, 2005
Tom "Coingate" Noe Indicted for Laundering Money to Bush Campaign
A federal grand jury has indicted Tom Noe, the former Toledo-area coin dealer at the center of a state investment scandal, of illegally laundering money into President Bush’s re-election campaign. The three-count indictment (view the indictment below) states that beginning in October 2003, Mr. Noe contributed to President Bush's election campaign "over and above the limits established by the Federal Election Campaign Act." "He did so, according to the indictment, in order to fulfill his pledge to raise $50,000 for a Bush-Cheney fund-raiser held in Columbus, Ohio, on Oct. 30, 2003," Gregory White, the U.S. Attorney for the Northern District of Ohio, announced at an afternoon news conference. [...] "It's one of the most blatant and excessive finance schemes we have encountered," said Noel Hillman, section chief of the U.S. Department of Justice's public integrity section. [...] The indictment only adds to troubles for the former chairman of the Lucas County Republican Party, who is already under several state investigations related to a $50 million rare coin investment the Ohio Bureau of Workers’ Compensation made with him.Note to self: buy more popcorn.
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