Sen. Schumer, Democrats must show principled leadership and give back donations Madoff stole in Ponzi scheme
LANSING, Mich. – In addition to bilking investors out of nearly $1 billion, Wall Street grafter Bernard Madoff used his ill-gotten gain to buy influence in the Halls of Congress, including giving at lest $100,000 to the Democratic Senatorial Campaign Committee and make its chairman, N.Y Senator Charles Schumer, the largest recipient of individual campaign contributions.
Now, Michigan Republican Party Chairman Saul Anuzis says it is time for Senator Schumer and the Democrats to step up and return the contributions to the investors from whom Madoff stole the money.
“These contributions are dirty money that Bernard Madoff stole from investors,” said Anuzis, who is a candidate for Republican National Committee chairman. “It’s not enough for politicians like Senator Schumer to wash their hands by donating the stolen money to charity. It is not their money to give away; it is part of a criminal investigation and should be returned to investors.”
According to campaign finance reports from the Federal Elections Commission and news accounts, Madoff and his associates made campaign contributions totaling more than $267,000 since 2001, nearly all of it to Democrats. Madoff personally donated at least $100,000 to the DSCC since Schumer took over as its chairman. Schumer, a member of the Senate Banking Committee and a key Wall Street overseer, received some $32,000 from Madoff and his associates.
“Anyone who took a dime from Madoff, his associates or employees of his securities firm, must give it back to people from which it was stolen,” Anuzis said. “People are tired of politicians having cozy relationships with shady businessmen and crooks. It is time from principles and values to return to politics.”