FEC Fines McCain Presidential Campaign $80,000
Posted at 11:53 a.m. on Aug. 17
The Federal Election Commission has fined the 2008 presidential campaign of Sen. John McCain, R-Ariz., $80,000 for campaign finance violations.
The commission reached a conciliation agreement with John McCain 2008 Inc., the McCain-Palin Compliance Fund Inc. and John Schmuckler, the treasurer of both.
The agreement states John McCain 2008 Inc. violated the law by accepting $377,657 in contributions that exceeded the limits of the Act; failed to report correctly the original dates on which $22,257,684 in contributions were received by its joint fundraising representatives; and failed to correctly report re-designations made to the compliance fund.
The McCain Compliance Fund Inc. failed to file 48-hour disclosure notices for 169 contributions totaling $240,700 that it received prior to the general election. The fund also failed to correctly report the original dates on which contributions were received by joint fundraising representatives.
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