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August 29, 2007 Soros-linked group gets fined by FEC
Kenneth P. Vogel of The Politico reports that America Coming Together (ACT), a group to which left wing financial powerhouses George Soros, Peter Lewis of Progressive Insurance and the Service Employees International Union (SEIU) are major donors, has been hit with a $775,000 fine by the Federal Election Commission for improperly using unregulated soft money to boost the Kerry campaign for president. Given the magnitude of the expenditures involved (a massive $137 million), the fine is small. Those who brought the original complaint are not happy:
The fine amounts to one half of one percent of the illegal expenditures. That amounts to no meaningful deterrent. It barely rises to the level of an annoyance, at best a minor cost of doing business. Hat tip: Richard Baehr |
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