Corzine's Wall Street Contributions Won't "Occupy" Obama Campaign Coffers, Some Returned

John Corzine (right)

Reuters - President Barack Obama's campaign has returned some $70,000 in contributions made by embattled MF Global chief Jon Corzine and his wife, a campaign official said on Friday. Corzine, a former Democratic senator, governor of New Jersey and one-time leader of Goldman Sachs, was one of the top so-called "bundlers" and surrogates for the campaign, leveraging his elite network to lump together donations to benefit the Democratic incumbent's re-election bid. As of early last month, the former Goldman Sachs chief had raised donations of at least $500,000 for Obama's 2012 effort. The campaign said in early November it would return the donations made by Corzine if he were charged with any wrongdoing. The campaign severed ties after Corzine's securities firm imploded and he agreed to testify before a congressional committee about $1.2 billion in missing investor funds. Corzine and his wife 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, according to campaign finance records. Corzine held a $35,800-a-head fund-raising dinner for Obama at his home in April. Read full story here: News New Mexico

Corzine's Wall Street Contributions Won't "Occupy" Obama Campaign Coffers, Some Returned