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Obama campaign may return funds from MF Global's Corzine

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Freddie Stubbs Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-02-11 03:42 PM
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Obama campaign may return funds from MF Global's Corzine
Source: Reuters

WASHINGTON, Nov 2 (Reuters) - President Barack Obama's re-election campaign would return the donations made by embattled MF Global chief Jon Corzine if he were charged with any wrongdoing, a campaign official said on Wednesday.

Corzine, who is at the center of a storm over the securities firm's bankruptcy this week, was a major fundraiser for Obama. The former Goldman Sachs chief has raised or "bundled" donations of at least $500,000 so far for Obama's 2012 re-election effort.

Corzine himself has donated the maximum that an individual can give for a presidential campaign, according to campaign finance records. He held a lavish $35,800-a-head fund-raising dinner for Obama at his home in April.

A campaign official, speaking on condition of anonymity, said Obama's campaign would return the donations from Corzine as an individual if civil or criminal charges are brought against him.

Read more: http://www.reuters.com/article/2011/11/02/mfglobal-fund...
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JJW Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-02-11 05:05 PM
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1. For goodness sake just return the money
the company is bankrupt, money has been stolen.
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-02-11 08:28 PM
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2. IF ....."if civil or criminal charges are brought against him."
Wonder how long they can drag out the Corzine thing without pressing any charges.
Betcha till after the election.
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Safetykitten Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-02-11 08:42 PM
Response to Reply #2
3. Either way, Corzine will not have to worry.
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