Edwards in $2M dispute over federal matching funds

AP News
Posted: Jul 20, 2011 4:40 PM
Edwards in $2M dispute over federal matching funds

The Federal Election Commission is considering whether former North Carolina Sen. John Edwards's 2008 presidential campaign should repay the treasury about $2.3 million.

The FEC is scheduled to consider at its meeting Thursday whether to order the repayment. Federal auditors say all but about $200,000 of that sum came from matching funds.

The campaign collected a total of nearly $13 million in matching funds after it was approved in December 2007. Edwards dropped out of the presidential race Jan. 30, 2008.

FEC auditors say Edwards's campaign understated its cash and overstated its expenses. At issue is how much Edwards's campaign was entitled to receive as a result of qualifying for matching funds and the cost of winding down the effort.

Edwards's lawyers say the Democrat doesn't owe anything.