On Friday, the Federal Election Commission, or FEC, levied a $375,000 fine against President Obama's 2008 campaign. The fine against Obama is the largest single fine ever against any political candidate.
The FEC examined funds raised during the last month of the campaign between Obama and Republican Senator John McCain. The FEC found nearly 1300 campaign donations which violated FEC campaign contribution rules.
Under FEC rules, any campaign contribution over $1000 received 20 days or less before the election must be reported within 48-hours of receipt by the campaign. The contributions in question totaled $1.8 million. Obama's campaign raised over $778 million during the election cycle.
Obama's campaign was fined $375,000, breaking the record set in 1996 by Republican Senator Bob Dole. Dole was fined $100,000 for campaign contribution violations. His campaign paid the fine two year after it was assessed.
Obama's campaign paid $230,000 of the fine, with the remaining $140,000 coming from the Democratic National Committee, according to Politico.
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