Edwards Campaign Owes $2 Million, FEC Says

Thursday, 21 Jul 2011 01:58 PM

 

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WASHINGTON — The Federal Election Commission approved a final audit on Thursday that concludes former U.S. presidential candidate John Edwards' campaign owes the government more than $2 million.

The decision compounds the woes of Edwards, a Democratic former senator who was indicted on June 3 on charges he accepted more than $900,000 in illegal campaign contributions to cover up an extramarital affair during his 2008 presidential bid. Edwards has pleaded not guilty.

The election commission voted 6-0 in an open meeting to approve the June 23 memorandum from its chief compliance officer and audit division, which said the Edwards campaign owes $2,278,315.

The report found John Edwards for President got matching funds in excess of his entitlement as a candidate, misstated its cash-on-hand balance by nearly $100,000, failed to itemize loan repayments of more than $4 million and stale-dated at least 128 checks worth $141,808.

Federal law requires the commission to audit every political committee set up by a candidate who gets public funds for a primary election campaign, commission members said.

© 2014 Thomson/Reuters. All rights reserved.

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