Former U.S. Senator and one-time presidential candidate John Edwards apparently owes more than $2 million dollars for funds received during his 2008 presidential campaign, CBS News reports. A federal audit implied that Edwards must pay back $2.1 million of the nearly $13 million in matching funds he received for his campaign, as it was determined he was not eligible for the cash. The Christian Science Monitor notes that approximately $140,000 in additional monies is due to 128 stale-dated checks that were refunded to individual contributors. Additionally, the audit found that Edwards had approximately $11 million in outstanding obligations following his abandonment of the 2008 campaign. Edwards also used nearly $1 million as hush money to keep a secret affair quiet. However, Forbes notes that it's unlikely Edwards will end up providing repayment. According to a new Yale study, agencies have little incentive to go after white-collar fines because they don't actually keep the money, and courts scatter debt collection responsibilities across 94 U.S. Attorneys' offices.
Notice
This Website or it's third party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the Privacy Policy. If you want to know more, or withdraw your consent to all or some of the cookies, please refer to the Privacy Policy. By closing this banner, scrolling this page, clicking a link or continuing to browse otherwise, you agree to the use of cookies.