John Edwards Ordered to Return $2.6 Mil in Matching Campaign Funds
Posted on Thu Jul 21, 2011 at 04:50:10 PM EST
Tags: John Edwards (all tags)
John Edwards can't seem to catch a break. Today, the FEC ordered his campaign to return $2.6 million in matching funds it had received after announcing he quit the 2004 presidential race.
The FEC determined that Edwards had received just over 2.1 million dollars in matching funds after the campaign was winding down and Edwards was no longer in the race. The commission decided that in total his campaign must pay back $2,278,315 in excess matching funds.
According to the FEC, "Presidential candidates receive federal government funds to pay for the valid expenses of their political campaigns in both the primary and general elections."
Sounds like Edwards had an inkling this would be the ruling. On June 30, 2011, the campaign had $2.6 million in cash-on-hand.
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