The Federal Election Commission this week imposed a hefty fine on Sen. Mike Braun's campaign committee related to 2018 financial violations.
The commission voted 6-0 to accept the agreement, which imposes a $159,000 fine. Forbes reported the news on Friday afternoon, calling it the second-largest fine ever levied against a senator's campaign.
Brown is in the midst of a race for the Republican nomination for Indiana governor.
According to the agreement, Mike Brown of Indiana will provide loan balances, terms, dates, repayment amounts, and other information on transactions totaling $11.5 million, including three bank loans, 13 lines of credit, and 13 candidate loans. information was not disclosed accurately.
This activity took place from July 2017 to December 2018.
“The Commission asserts that former Treasurer Travis Kabrick was responsible for these reporting errors and that he had access to all relevant information and documentation from the Commission to properly report these loans. The committee also found that although the former Treasury secretary publicly disclosed information about bank loans that was lawful and appropriate, the secretary erred in how it was reported in the committee's campaign finance report. “The Commission further alleges that the errors in the report were technical in nature,” the settlement states.
Josh Kelley, a senior adviser at Brown, Indiana, said the agreement makes clear that the former treasurer was responsible for the error.
“(Mr. Kabrick) was provided with all relevant information and documentation by Mike Brown to properly report the loans, all loans are legal and proper, all details will be made public during the campaign period, and Mr. Kabrick The reporting error was technical in nature. It is clear from the agreement that this penalty should be paid by Mr. Kabric's third-party compliance team, which is responsible for the reporting error,” Kelly said. Ta.
Thomas Dutweiler, the current finance director for Indiana Rep. Mike Brown, also issued a statement saying, “Despite having full access to all necessary information and documentation, the underlying bank loan was fraudulent.'' “However, Mr. Kabric's report on the committee's campaign finance report was technically flawed.” Lawfully and appropriately disclosed.
“We are committed to full compliance and transparency in all future financial reporting.”
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