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Multimillion-dollar Democratic donor and Obama fundraiser Mikal Watts was indicted on fraud charges this week. Federal prosecutors say his class-action suit against BP after the oil spill was built in part on phony clients.

Watts' attorney said the charges "are related to allegations that Watts committed fraud or forgery when he claimed to represent 44,000 clients in litigation against BP PLC," as the AP puts it.

Watts, according to FEC records, has given $2.3 million to Democratic causes and candidates over the years, including nearly $90,000 to Barack Obama. He also bundled at least $500,000 for Obama and hosted multiple fundraisers in his San Antonio mansion for Obama.

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