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GOP donor Jay Odom indicted on federal campaign finance violations

TALLAHASSEE -- Panhandle developer Jay Odom, the man whose desire for a new airplane hangar led to the downfall of  former House Speaker Ray Sansom, has been indicted on federal campaign finance violations.

Odom, 56, of Destin, surrendered to U.S. Marshals in Pensacola Tuesday morning and was released pending a trial scheduled for March 4 before U.S. District Judge Lacey Collier.

The two count indictment accuses him of laundering $10,000 in personal funds in 2007 to reimburse individual contributions to an unnamed presidential candidate. He faces a maximum sentence of seven years in prison if convicted of making contributions in the names of others and lying to the Feeral Election Commission.

Odom sand several of his corporations have long been a contributor to legislative campaigns and the Florida Republican Party. He frequently provided his private jet for public officials and candidates to travel as well.

Lucy Morgan, Times Senior Correspondent