Washington (CNN) - The head of the Republican National Committee is calling on President Barack Obama to return half a million dollars in fundraising Jon Corzine raised on the president's behalf, now that the former one term New Jersey governor's bankrupt brokerage firm is under investigation by the federal authorities.
"In light of the FBI Investigation into Jon Corzine's company, President Obama should immediately return the $500,000 that Corzine raised on his behalf," said RNC Chairman Reince Priebus, in a statement released Thursday.
A government regulator said in court Wednesday that roughly $600 million is missing from the books of bankrupt brokerage MF Global, which is headed by Corzine, a former Goldman Sachs CEO and former Democratic governor of New Jersey and U.S. senator. Corzine's firm filed for Chapter 11 protection on Monday following a panic from investors over its holdings of risky European debt.
The FBI and federal prosecutors are now investigating how some $600 million of MF Global customers' money went missing, CNN learned Tuesday from sources close to the probe.
According to federal election records, employees of the company contributed more than $100,000 to the president's re-election campaign and the Democratic National Committee. And this year Corzine has contributed the maximum legal limit to both the Obama campaign ($5,000) and the DNC ($30,800).
Separately, Corzine is one of 31 people this year who have raised at least $500,000 for the Obama Victory Fund, as a so-called "bundler," a person who solicits campaign contributions from their personal and business networks. Much of that money was brought in at an Obama re-election fundraiser in April that Corzine hosted at his home on Fifth Avenue in Manhattan.
Democratic sources say that if Corzine is charged with any wrongdoings, the contributions he made to both the Obama campaign and the DNC will be returned.
But the RNC says that doesn't go far enough.
"As Obama's 'great friend' and designated 'Wall Street guy,' Corzine did much more than give the maximum $5,000 to the Obama campaign: he bundled at least 100 times that much from his Wall Street friends and fellow executives. While the Obama campaign has entertained the idea of returning the $5,000 Corzine gave himself should he be indicted, that's simply not enough. The entire amount he bundled should be returned immediately.