Michele Bachmann is in the news for controversial financial ties ... again. This time the retiring Republican congresswoman is returning contributions from Frank Vennes, a man who lured people into one of the biggest Ponzi schemes this side of Bernie Madoff. "According to campaign finance reports, last quarter Bachmann's campaign committee paid $14,000 to a bankruptcy trustee for Frank Vennes, a former North Dakota pawnshop owner who was recently sentenced to 15 years in prison for aiding and abetting fraud," Mother Jones reports, explaining that it took Bachmann seven years to do so. Vennes vigorously donated to Bachmann's campaign in 2006.
When a politician is connected to someone serving prison time, it obviously doesn't look good. They should be held accountable. Bachmann has long been a leader in speaking out on this very issue.
Back in 2011, Republicans harped on the relationship between John Corzine and President Obama during the fallout of the MF Global bankruptcy, with the Republican National Committee calling on Obama to return $500,000 Corzine raised for him. And Bachmann was outspoken on that scandal too, explaining to students at Iowa State University how Obama's connection to Corzine meant he was a bad president who was not concerned with sovereign debt. "How many other money managers are there with Corzine’s beliefs on the omniscience of government who are also overly exposed to Europe. President Obama thinks we need more government control of free markets," she said.