President Barack Obama’s re-election campaign has returned campaign contributions from Jon S. Corzine, former chairman and chief executive officer of MF Global Holdings Ltd., according to a Democratic official.
Responding to Republican criticism that the money from the former New Jersey governor was tainted by his firm’s collapse, Obama for America and the Democratic National Committee refunded the money, said the official, who requested anonymity.
Corzine, 64, and his wife Sharon Elghanayan each contributed $30,800 to the Democratic National Committee and $5,000 to Obama’s campaign, the maximum amounts that individuals are allowed to give, said the official. Corzine, who testified before a congressional panel about MF Global’s bankruptcy and $1.2 billion in missing customer funds, has been one of Obama’s top fundraisers this election cycle. In April, Corzine hosted a fundraiser for Obama at his Manhattan home.
Full story: Obama Returns $70,000 in Corzine Donations