MORE EMBARRASSMENTS FOR THE DEMOCRATS? Madoff Charged in $50 Billion Fraud at Advisory Firm. People are emailing that he was a big donor to the Democratic Senatorial Campaign Committee, as well as Charles Rangel and Hillary Clinton. And he was, but if you scroll down a bit you’ll see he gave to quite a few Republicans, too, so I don’t think the GOP can make much of an issue out of this.