President Obama’s campaign has agreed to pay a $375,000 fine to the Federal Election Commission, among the largest penalties in the agency’s history.
The fine was imposed after an audit of the campaign’s books showed that it failed to report the identities of donors who gave large checks in the weeks before the 2008 election, according to a copy of the agreement between the FEC and the president’s campaign.
The document shows that the Obama campaign failed to disclose the identities of donors responsible for $2 million in contributions in the weeks ahead of the election. The campaign also misreported the dates of $85 million in other contributions.
In addition, the Obama campaign also kept $1.3 million in contributions that were above the legal maximum allowed for a federal campaign, failing to return them within the 60 days required by law. The campaign kept almost $874,000 of those donations until the FEC discovered they were unlawful.