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Friday, July 22, 2011

Election Commission Rules Edwards Must Pay Back $2.3 Million

Washington (CNN) -- Former Presidential candidate John Edwards will have to pay back over 2 million dollars in federal matching funds given to his 2008 campaign for president, the Federal Election Commission ruled on Thursday.

The commission voted 6 - 0 against Edwards and contends his campaign was in "excess of the Candidate's entitlement."

"At the end of the day if there were more matching funds received than campaign obligations at the point when the campaign ended you have to make a repayment, " Ellen Weintraub, FEC Commissioner said during the hearing.

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