I don't find it particularly credible.
http://en.wikipedia.org/wiki/Peter_F._PaulPeter F. Paul (born September 2, 1948<1>) has been a lawyer, and entrepreneur, former partner of Spider-Man creator Stan Lee in Stan Lee Media, and convicted felon. In 2000, he became central to a campaign fund-raising scandal involving Senator Hillary Clinton.<2>
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Connections to Hillary Clinton's senatorial campaign
Paul emerged in 2000 as the largest contributor to Senatorial candidate Hillary Clinton. Paul and his attorneys have at various times offered two explanations for this. First, that he was trying to attract her husband, then-President Bill Clinton, to serve on the board of Stan Lee Media after leaving office. Second, that he hoped to negotiate a pardon for his previous criminal convictions.<21><22> Paul produced and underwrote what he described as the largest fund raising event ever held for a federal candidate <23>, in Los Angeles, days before the 2000 Democratic Convention began. The Hollywood Farewell Gala Salute to President William Jefferson Clinton featured prominent entertainers singing for the President, while raising over $1 million for Hillary Clinton's Senate campaign.<24> The event cost over $2 million to organize, much of it borrowed fraudulently by Paul from Merrill Lynch. Later indictments would state that Merrill Lynch lost about $5 million it had lent to Paul.<22>
Two days after the gala, the Washington Post publicized Paul's criminal record, and Hillary Clinton denied knowing Paul and "vowed not to take any contributions from him". Through her official spokesman, Howard Wolfson, Hillary stated on August 16, 2000 that she would return $2,000 she reported receiving from Paul in June 2000,<22> and would not have anything further to do with him.
Paul alleged that Clinton was deceitful in this,<25> and retained public interest law firm, and frequent Clinton opponent, Judicial Watch to represent him in a series of civil and criminal lawsuits against the Clintons, the Clinton campaign, and ultimately the Federal Election Commission (which he charged was negligent in failing to convict Mrs. Clinton).<26><27><28><29> These charges were delayed, as courts held that Paul could not bring charges against the Clintons as he fought extradition from Brazil,<30> but proceeded once he was returned to the States.<31>
The Clinton campaign was ultimately asked to pay $35,000 in fines for having underreported the cost of the gala.<32> Paul's suit against the FEC was thrown out; his attempt to bring ethics charges against Clinton were rejected,<33> and his fraud charges against Senator Clinton were tossed out in April 2006.<34> As of April 2007<35>, Paul's civil charges against Senator Clinton and former President Clinton for "looting"<36> his business remained outstanding.