Corzine Contributions Returned
President Barack Obama’s campaign and the Democratic National Committee have returned more than $70,000 in campaign contributions from former New Jersey Gov. Jon Corzine following the collapse of MF Global, Corzine’s financial firm.
Democratic officials say Obama’s re-election campaign and the DNC returned contributions of $35,800 from Corzine and his wife, Sharon Elghanayan. The officials spoke on condition of anonymity and were not authorized to speak publicly.
Corzine was among Obama’s top fundraisers. He held a fundraiser for the president last April.
About $1.2 billion was found to be missing from client accounts when MF Global failed on Oct. 31.
Bloomberg News was first to report the returned campaign contributions.
(Copyright 2011 by The Associated Press. All Rights Reserved.)