March 27th, 2009
12:30 PM ET
14 years ago

DSCC to donate $100,000 in Madoff contributions

WASHINGTON (CNN) - The Democratic Senatorial Campaign Committee will give $100,000 in donations received from Bernie Madoff to the victims of his multi-billion dollar Ponzi scheme, a DSCC spokesman confirmed Friday.

DSCC spokesman Eric Schultz said the organization is giving the money to a trust established for Madoff's victims.

"It was under review. Now that the review is completed, we've decided to give the money to the trustee for distribution to the victims," Schultz said.

Madoff and his wife, Ruth, had contributed $238,200 to political candidates since 1991, with 88 percent of that money going to Democrats, according to the Center for Responsive Politics. The convicted Ponzi scheme mastermind gave four separate contributions of $25,000 to the DSCC from 2005 to 2008.

Filed under: DSCC
soundoff (2 Responses)
  1. Same Old White House

    No surprise about Madoff's connection to the democrats. Dems will do anything to get elected.

    March 27, 2009 05:06 pm at 5:06 pm |
  2. bk

    The only reason they are giving it back is because the news media got a hold of it.

    March 27, 2009 05:28 pm at 5:28 pm |