(FiveNation.com)- Larry Elder just can’t catch a break in his bid for California’s governor in the upcoming recall election.
The Republican candidate will now be under investigation by the state’s Fair Political Practices Commission for what it’s calling potential violations in his financial disclosure. A spokesperson for the FPPC confirmed recently to media outlet The Hill that the open investigation has started.
The Los Angeles Times recently reported that the California Democratic Party filed an official complaint against Elder’s campaign. They are accusing the Republican candidate of not disclosing certain aspects of his business and finances properly. The complaint came after the Times wrote a story about Elder and the California recall election.
Following that complaint, the FPPC announced that it was starting an official investigation into Elder’s financial disclosures. After being late to announce his candidacy, Elder is now one of the leading candidates to take down current California Democratic Governor Gavin Newsom.
The Times story that raised eyebrows at the state’s Democratic Party said it appeared as though Elder listed financial disclosures improperly on his filings. Those disclosures related to Laurence A. Elder & Associates Inc., which is a business that some experts told the Times appeared to be owned by Elder.
The problem, according to the Times’ report, is that Elder didn’t report that he had an ownership stake in that company, though he did report that it was one source of his income.
The filing was reported in the Statement of Economic Interests. It’s a filing that’s available to the public that’s supposed to outline any ethical concerns for political candidates, including potential conflicts of interest.
Commenting for the Times’ story, Ying Ma, a spokeswoman for Elder’s campaign said:
“It appears there might have been an oversight … We made a simple mistake and we fixed it as soon as possible. These investigations are very common in campaign world.”
Elder’s campaign then updated the filing to show that the Republican candidate owned 100% of that company in question. They also valued the company at somewhere between $100,000 and $1 million.
When updating the report, they also included that Elder collected money from both the Republican Executive Committee of Alachua County in Florida, as well as media outlet The Epoch Times.
Following all of this information coming out in the LA Times report, the FPPC sent a response to the complaint filed by the California Democratic Party. In the letter that was sent to a lawyer that represents the state party, the FPPC wrote:
“You will next receive notification from us upon final disposition of the case. However, please be advised that at this time we have not made any determination about the validity of the allegation(s) your client has made or about the culpability, if any, of the person(s) identified in the complaint.”
If the FPPC finds that Elder’s campaign is indeed in violation of campaign financial disclosure, or made any improper claims, he could face a maximum financial penalty of $5,000 for each case.