Noe indicted in Bush money-laundering case

(Gold9472: Does Bush now have to give back the money that was given him? I thought that was the rule of thumb.)


A federal grand jury has indicted Tom Noe, the former Maumee coin dealer suspected of laundering money into President Bush’s reelection campaign, Mr. Noe’s attorney told The Blade today.

Jon Richardson said he was called this afternoon and informed of the indictment. The details of the indictment are being withheld until a press conference at 4:30 p.m.

Mr. Richardson said there were no negotiations between Mr. Noe and prosecutors.

“I was told today,” he said.

Gregory A. White, the U.S. Attorney for the Northern District of Ohio, will hold a news conference in Toledo to announce “a major public corruption indictment.”

The U.S. Attorney’s office announced in April that it was investigating Mr. Noe for possible violations of federal campaign finance laws. Sources have told The Blade that authorities believe Mr. Noe gave money to several people who then contributed to the Bush-Cheney campaign.

A number of people have testified before a federal grand jury impaneled in Toledo, including Toledo City Councilman Betty Shultz, Lucas County Commissioner Maggie Thurber, and Donna Owens, a former Toledo mayor. Each made contributions at a Bush fund-raiser in October, 2003, in Columbus.

Local law-enforcement sources said investigators are looking at contributions made by people from the Toledo area to the Bush campaign at the fund-raiser, at which the campaign raised $1.4 million.

Mr. Noe, who was tagged a Bush “Pioneer” for helping to raise at least $100,000 for Bush campaign, sponsored a table at the event, and invited a number of people to attend.

An individual can give only $2,000 to a presidential candidate in the primary and another $2,000 in the general election, according to federal law. Throughout the 2004 campaign — primary and general — Mr. Noe contributed $2,000. His contribution came in August, 2003.

Prosecutors were trying to determine if Mr. Noe gave people money in order for them to give to the Bush campaign, allowing Mr. Noe to exceed federal spending limits.