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The Weinstein Company was founded by Hollywood mogul Harvery Weinstein, who's a big supporter of the Democratic Party, has hosted fundraisers for the party, and is friendly with Barack and Michelle Obama.

On Tuesday, hours after Gwyneth Paltrow and Angelina Jolie shared their own shocking allegations of encounters with Harvey Weinstein, former President Barack Obama issued a statement about the movie mogul and major Democratic donor.

“Michelle and I have been disgusted by the recent reports about Harvey Weinstein,” Obama said in the statement, which was released two days after Weinstein was fired from the company he co-founded. “Any man who demeans and degrades women in such fashion needs to be condemned and held accountable, regardless of wealth or status.”

Weinstein, one of the Democratic party's most high-profile and prominent donors and fundraisers, contributed more than $70,000 to Obama's reelection campaign in 2012, according to FEC documents. He also employed the Obamas' eldest daughter Malia last year when she took a gap year before entering Harvard University this fall.

Earlier on Tuesday, Hillary Clinton issued a statement on the subject of Weinstein, saying, “I was shocked and appalled by the revelations about Harvey Weinstein. The behavior described by the women coming forward cannot be tolerated. Their courage and the support of others is critical in helping to stop this kind of behavior.”