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Obama campaign may return funds from MF Global's Corzine [View All]

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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
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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.

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