Ruh-ro...

this yayhoo manages two rare-coin funds that have received $50M as "investments" from the ohio bureau of workers compensation... he made a cool $1M off of the state last year alone and is under investigation by the ohio inspector general for it... ya, right... what in the hell is a state fund doing investing in rare coins...? wednesday night, the fbi came calling - on another matter...

The federal probe into whether local Republican fund-raiser Tom Noe was illegally funneling money to the Bush campaign had been ongoing for months.

[...]

FBI agents swept into Mr. Noe’s Maumee condo about 7:30 p.m., spending three hours scouring the home of one of the most prominent Republicans in northwest Ohio. They were looking for evidence of violations of federal campaign contribution laws.

The federal probe is studying Mr. Noe’s campaign contributions to the President, and specifically contributions made by others who may have received money from Mr. Noe, possibly allowing him to exceed the $2,000 spending cap.

[...]

“It’s becoming clear that Tom Noe has given large contributions to Republicans, while also obtaining state contracts in which he made millions of dollars investing in risky rare coins,” Mr. Dann said.

“Tom Noe has given thousands and thousands of dollars to Republican candidates. Now he’s at the center of a federal probe.

We deserve to know if Noe laundered state party, candidate, and caucus campaign monies to statewide Republicans.”

[...]

At issue is whether Mr. Noe gave people money in order for them to give to the Bush campaign, allowing Mr. Noe to exceed federal spending limits, law-enforcement sources said.

as if that wasn't juicy enough, here's the beauty part...

[Noe] worked hard to get President Bush re-elected last year; as chairman of the Bush team's efforts in northwest Ohio, he frequently talked with Karl Rove, one of the President's top advisers.

we're watching you, karl... REAL CLOSE...!

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