Freddie Mac Hit With Record Breaking FEC Fine
by Guest Blogger, 4/19/2006
The Federal Election Commission has awarded a record $3.8 million fine to Freddie Mac, the government-chartered home mortgage company, for violations of campaign fundraising laws.
The FEC believes that Freddie Mac, through its government relations firm, compensated a corporation for producing campaign fundraising events.
Freddie Mac, for its part, contends that the retainer “was paid solely to compensate Epiphany for services unrelated to Mr. Delk’s fundraising events,” including “political and legislative advice.”
Read more on this issue in Roll Call
