Hey, its not like a $700,000 understatement of contributions from one event is a big deal, is it?

A fund-raising committee for Senator Clinton's 2000 campaign has agreed to pay a $35,000 civil penalty and to concede that reports it made to the federal government understated by more than $700,000 donations to a California celebrity gala held to benefit her Senate bid.

The agreement between the committee, New York Senate 2000, and the Federal Election Commission ends the campaign finance regulation agency's inquiry into a complaint filed in 2001 by an entrepreneur who financed the fund-raising concert, Peter Paul.

"The civil payment assessed to New York Senate 2000 resolves the question of underreported in-kind contributions, and there will be no further action on this matter," an attorney for the fundraising committee, Marc Elias, said.

The conciliation agreement, ap proved at a Federal Election Commission meeting last month, has not yet been made public. However, three sources with knowledge of the terms outlined the deal to The New York Sun.

Under the agreement, the committee will amend its public reports to show that Paul's in-kind gifts to the fund-raising concert were understated by $721,895. The committee and its treasurer, Andrew Grossman, agreed that there was probable cause to believe that the filings violated federal campaign finance law. However, the committee claimed that it relied on "reasonable processes" to verify the data it filed.

And to think we kept hearing that there was noting to the Peter Paul scandal.

Not that we're going to hear a word from the MSM about the misconduct -- or from the leadership of the Democrats -- about campaign corruption.

Posted by: Greg at 11:20 PM | No Comments | Add Comment
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