The Federal Election Commission fined Senate Majority Leader Bill Frist's political action committee $10,000 for misstating or failing to adequately report certain financial information.
The FEC said Thursday the fine stemmed from an audit of Volunteer PAC's financial activities in 2001 and 2002, a period in which the committee took in about $1.2 million and disbursed about $1 million.
According to the FEC audit, Volunteer PAC misstated certain financial activity, including understating disbursements, in both years.
The PAC also failed to adequately report $183,000 in contributions that were transferred directly to 12 Republican Senate candidates, the audit said. Some of that money was raised at events held for the candidates.
No comments:
Post a Comment