Billionaire R. Allen Stanford, under investigation for allegedly running an $8 billion CD fraud, was generous to politicians of both parties, a watchdog group reports today.
Stanford's political action committee gave $31,750 to President Obama's campaign, the third biggest donation for the 2008 election cycle, the Center for Responsive Politics says. An Obama aide told Bloomberg said that the money was donated Wednesday to charity.
Republican presidential candidate John McCain received $28,150 from Stanford, and also says he has given back the money.
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Glen Johnson is Politics Editor at boston.com and lead blogger for "Political Intelligence." He moved to Massachusetts in the fourth grade, and has covered local, state, and national politics for over 25 years. E-mail him at firstname.lastname@example.org. Follow him on Twitter @globeglen.