Sunday, July 24, 2011

John Edwards Ordered to Pay Back $2.3 MILLION in Campaign Funds


Former U.S. Senator and presidential candidate John Edwards was ordered to repay the treasury $2.3 million, the Federal Election Commission ruled.

Edwards was indicted last month for breaking campaign finance laws by using his political war chest to cover up a tawdry affair with Rielle Hunter.

John fathered a love child with Rielle while his wife, Elizabeth, who is now deceased, was diagnosed with terminal cancer, and lied about it a lot.

Federal auditors said all but approximately $200,000 of $13 million he received for his 2008 presidential bid came from federal matching funds.

Fallen Political Star

Though lawyers for Edwards said the campaign owes no money, auditors accused the campaign of understating cash and overstating expenses.

The repayment need not come out of John Edwards’ own pocket, and records show he has $2.6 million remaining in his campaign account.

However, Thursday's decision does mean that he will no longer have those leftover campaign funds available to help with his mounting legal bills.

Severel friends of the disgraced, indicted Edwards have privately expressed concern about the former trial lawyer's personal finances, too.

Source: http://www.thehollywoodgossip.com/2011/07/john-edwards-ordered-to-pay-back-23-million-in-campaign-funds/

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