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Bill Nelson to give alleged Ponzi schemer's campaign contributions to court-appointed receiver

The Washington Post notes that when alleged Ponzi schemer Allen Stanford was "flying high," he and colleagues spent more than $10 million on campaign contributions and lobbying payments.

But it says that since his arrest in 2009, a court-appointed receiver has been able to recover only 5 percent of the contributions. At least 50 members of the House and Senate -- Republicans and Democrats -- had ignored the requests or instead cut checks to charity.

"After questioning by The Post, a few of the lawamkers say they are having second thoughts," the Post wrote, quoting a spokesman for House Majority Leader Eric Cantor and a spokesman for Nelson who said "a check will be cut shortly." Nelson had donated matching funds to charity, a spokesman told the Post, keeping with a practice for "individuals who ran afoul of the law."


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