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Posted on 02/18/2009 10:01:05 AM PST by rabscuttle385
One of Washington's time honored rituals is that when a donor turns out to be a sleaze ball, or even an alleged sleaze ball, beneficiaries distance themselves -typically by donating the amount received by their campaign committees to charity.
The disgorging has begun when it comes to R. Allen Stanford, the Houston-based banker who - according to the SEC - ran a fraudulent $8 billion investment scheme out of his office on the Caribbean island Antigua.
Sen. John McCain of Arizona was the first major recipient to step forward. An aide said this morning that he will donate his receipts -- $28,150, according to the nonpartisan Center for Responsive Politics - to a yet-to-be named charity.
McCain was the 3d biggest recipient from Stanford, his employees and his company's political action committee.
No word yet on disgorgement from the others in the top five, including two Texans: Bill Nelson, D-Fla. ($45,900); runner-up, Dallas GOP Rep. Pete Sessions ($41,375); fourth place Sen. Chris Dodd, D-Conn. ($27,500), and Texas GOP Sen. John Cornyn ($19,700).
(Excerpt) Read more at trailblazersblog.dallasnews.com ...
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“Sen. John McCain of Arizona was the first major recipient to step forward. An aide said this morning that he will donate his receipts — $28,150, according to the nonpartisan Center for Responsive Politics - to a yet-to-be named charity.”
Maldef, LaRaza??
The money needs to be returned to the investors who were allegedly defrauded not to charities (probably La Raza with McCain). The SEC has frozen the assets and the money needs to go back in that pot to repay any investors.
Incredible. The news media has mentioned RINO McCain but no Bill Nelson, Obama, Charlie Rangel, Meeks and all the other Dems.
This is what Dood, Obama, and Frank were supposed to do with the money they got from Fannie Mae and Freddie Mac. Some people do have shame.
...Log Cabin Republicans? ;~)
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