Obama Gives Stanford Money to Charity

Alleged fraud artist donated to many pols, including McCain
By Kevin Spak,  Newser Staff
Posted Feb 19, 2009 12:06 PM CST
In this Wednesday, June 11, 2008 file photo, Sir R. Allen Stanford waves at Lords Cricket Ground in London.   (AP Photo/Lefteris Pitarakis, File)
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(Newser) – Barack Obama has donated the $4,600 in campaign contributions he received from R. Allen Stanford to charity, the LA Times reports. Obama is one of many politicians the alleged fraudster courted; another was John McCain, who promised yesterday that he too would return or donate the funds. Stanford was a prolific donor and lobbyist, covering his bases on both sides of the aisle.

McCain has raked in $28,150 from Stanford employees since 2000, third among members of Congress behind Rep. Pete Sessions, a Republican from Texas ($41,375), and Sen. Bill Nelson, a Florida Democrat ($45,900). Stanford Group also gave $800,000 to the Democratic Senatorial Campaign Committee in 2002, the year Nelson was vice chairman—and the year Congress was considering anti-fraud legislation Stanford was lobbying against.