Refunds

Dems Brace for Nemazee Fallout

Let the hounding begin! A host of Democrats—including Joe Biden, New York Rep. Carolyn Maloney, California Sen. Barbara Boxer, Connecticut Sen. Chris Dodd, and New York Sen. Chuck Schumer—say they'll return or donate contributions received from Hassan Nemazee. On Tuesday, Nemazee was charged with obtaining up to $74 million from Citibank thanks to his own fraudulent collateral. Nemazee was an important Democratic fundraiser who bundled contributions from others. He contributed $8,300 to Hillary Clinton's 2008 senate and presidential run, and helped raise $500,000 for Obama. But Democrats are running into complications in returning the funds—many donations were made to now-defunct political organizations, or organizations that have already wound down and don't have the budget to repay or re-donate the money. In the coming months, Republicans will doubtless call attention to the erstwhile Democrats' finances.