Breaking: FPPC Complaint Filed Against The "Yes on 46" Campaign For Concealing Source Of $1 Million Loan
Mandatory campaign finance reports fail to disclose receipt of last-minute loan from Consumer Attorneys Initiative Defense PAC
SACRAMENTO, Calif., Oct. 24, 2014 /PRNewswire/ -- Today, the No on 46 campaign announced the filing of a complaint with the Fair Political Practices Commission, the state's top campaign ethics watchdog, against the Yes on Prop 46 committee for having "not disclosed receiving a $1,000,000 loan from Consumer Attorneys of California Initiative Defense Political Action Committee."
SEE ATTACHED COMPLAINT - http://origin-qps.onstreammedia.com/origin/multivu_archive/ENR/FX-SF47580-20141024-1.pdf.
"The Yes on 46 campaign's non-disclosure of this eleventh-hour loan is a serious violation and deserves immediate attention," said Steven Lucas, attorney for the No on 46 campaign.
"Given how sloppily Proposition 46 is written, it's no surprise that its proponents aren't managing to properly disclose their donors as required by law," said Jim DeBoo, Campaign Manager for the No on 46 campaign. "But this is a last-minute, seven-figure loan from an uncertain source and the voting public deserves to know what the 'Yes on 46' side is hiding."
The "Yes on 46" committee includes many of the same groups and individuals which are part of the "Yes on 45" campaign, which earlier this month admitted improperly reporting donor information to the FPPC as required by law under the recently-passed Senate Bill 27.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/breaking-fppc-complaint-filed-against-the-yes-on-46-campaign-for-concealing-source-of-1-million-loan-652853111.html
SOURCE No On 46 Campaign
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