published Thursday, July 21st, 2011

FEC says Edwards should repay $2 million in federal funds

WASHINGTON — The Federal Election Commission says former North Carolina Sen. John Edwards’ 2008 presidential campaign should repay the treasury $2.3 million.

The commission today decided to order the repayment. Federal auditors said all but about $200,000 of the total came from federal matching funds the Edwards campaign received.

The campaign got nearly $13 million in matching funds. Edwards dropped out of the race Jan. 30, 2008.

Federal auditors said the campaign understated its cash and overstated its expenses. Edwards’ attorneys said the Democrat’s campaign doesn’t owe anything.

  
     
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