Obama Returns Donation From Persian Scammer
The Obama campaign is returning the donation of a hedge fund manager who is accused of defrauding members of his Persian-Jewish community in Los Angeles.
Shervin Neman, also known as Shervin Davatgarzadeh, gave the maximum $35,800 donation to the Obama campaign and another $30,800 to the Democratic National Committee.
“With 1.8 million donors thus far, we constantly review those contributions for issues,” an Obama campaign official told Politico. “In this particular case, we will be refunding the contributions and have placed the funds in escrow until a trusteeship or other appropriate place to return these funds is established given the interests of the investors.”
Neman allegedly raised more than $7.5 million from 11 investors in the Ponzi scheme, according to the Securities and Exchange Commission.
He also has donated to the Democratic Congressional Campaign Committee, as well as U.S. Sens. Dianne Feinstein (D-Calif.) and Sheldon Whitehouse (D-R.I.), Politico reported.
A message from our Publisher & CEO Rachel Fishman Feddersen
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.
We’ve set a goal to raise $260,000 by December 31. That’s an ambitious goal, but one that will give us the resources we need to invest in the high quality news, opinion, analysis and cultural coverage that isn’t available anywhere else.
If you feel inspired to make an impact, now is the time to give something back. Join us as a member at your most generous level.
— Rachel Fishman Feddersen, Publisher and CEO
