The Federal Election Commission has fined President Obama’s 2008 campaign $375,000 for failing to provide necessary notices on more than $1.8 million in contributions, Politico reported on Friday:
The major sticking point for the FEC appeared to be a series of missing 48-hour notices for nearly 1,300 contributions totaling more than $1.8 million — an issue that lawyers familiar with the commission’s work say the FEC takes seriously. The notices must be filed on contributions of $1,000 or more that are received within the 20-day window of Election Day.
More than half of those contributions were transferred from the Obama Victory Fund,a joint committee between the campaign and the Democratic National Committee.
Sources said the fine resulting from the settlement agreement has been paid, with $230,000 coming from the Obama campaign’s coffers and the remainder from the DNC.
The document outlined other violations, such as erroneous contribution dates on some campaign reports. The Obama campaign was also late returning some contributions that exceeded the legal limit.
