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Sir Allen's Powerful Pals

Ponzi

Obama, McCain, and many others return tainted cash.

cheats/2009/02/19/sir-allens-powerful-pals/r-allen-stanford_mq3rpe
Joe Skipper / Reuters

Top politicians are scrambling to distance themselves from well-connected financier Texan financier "Sir" R. Allen Stanford, who stands accused of defrauding investors of $9.2 billion through an Antigua-based securities scam. The list begins with the commander in chief himself, President Obama, who donated the $4,600 in campaign contributions from Stanford to charity on Wednesday. His former campaign rival, Senator John McCain, is doing the same for $28,150 from Stanford. Other top recipients include Senator Ben Nelson ($45,900) and Rep. Pete Sessions ($41,375). Other politicians may have a tougher time separating themselves from Stanford, who plied a number of lawmakers with jet trips to tropical locales and other perks.

Read it at Los Angeles Times