Rhode Island Senator To Give Away Accused Fraudster's Donation

Apr 27 2012 | 3:54am ET

President Barack Obama's reelection campaign isn't the only one that's decided to turn down donations from an accused Ponzi schemer.

Sen. Sheldon Whitehouse (D-R.I.) who, like Obama, is seeking reelection in November, received $2,000 from Shervin Neman. The Securities and Exchange Commission earlier this month accused Neman of running a $7.5 million hedge fund fraud victimizing southern California's Persian Jewish community.

Whitehouse's campaign will donate Neman's $2,000 to charity. Obama's campaign said it would put the $35,800 it received from Neman into an escrow account until it could be returned to Neman Financial's investors.


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