Monday, 6 July 2015
Last updated 1 hour ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…