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.



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