The Latest: $100K fine approved for laundered campaign funds


Published:
Source: Merced Sun Star, Associated Press

The Latest: $100K fine approved for laundered campaign funds

Merced Sun Star

By The Associated Press

7/21/16 

SACRAMENTO, CALIF. 

The Latest: $100K fine approved for laundered campaign funds

A panel that oversees campaigns and lobbying in California has finalized a $100,000 fine for a company accused of laundering campaign contributions.

The steep fine approved Thursday is an outlier among penalties the Fair Political Practices Commission approves on a monthly basis, most of which are less than $5,000.

The FPPC and City of Oakland Public Ethics Commission found the AB&I Foundry plumbing system manufacturer funneled about $24,000 in campaign contributions through 17 employees and their spouses.

The funds ultimately went to four candidates of Oakland mayor and two candidates for city council.

AB&I signed paperwork admitting to the laundering charges and agreeing to pay the fine.