Saturday, 25 June 2016
Last updated 1 day 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.