Tuesday, November 5, 2024 7:44PMSan Francisco mayoral candidate Mark Farrell has agreed to pay a settlement to the Ethics Commission after allegedly violating campaign finance rules.San Francisco mayoral hopeful Mark Farrell has agreed to pay a $108,179 settlement to the city's Ethics Commission after it alleged Farrell violated campaign finance rules. The figure is the largest settlement in the commission's history.
The SFEC alleges Farrell took $93,000 from his political action committee in support of Proposition D, and then improperly funneled that cash into his own campaign for mayor, according to . Legally, a PAC can receive unlimited donations, while campaign committees are limited to receiving individual contributions up to $500.Here's what San Francisco mayoral candidate Mark Farrell had to say about tackling crime, homelessness, the economy and more."The potential harm in a reversed transaction of this size is that it serves as an interest-free loan to the mayoral committee," the ethics commission wrote in its report.
"We agreed to a settlement for an accounting error that we corrected and publicly disclosed months ago, and over a disagreement about staff time allocation during the campaign, which led us to terminate our prior legal counsel for this matter. As the person responsible for both campaigns, I take full ownership of these issues-this is kind of accountability I am modeling for my children," he said.
The settlement came just a day before the election, in which a crowded field of candidates are looking to oust incumbent Mayor London Breed. ABC7 News caught up with the top contenders as they made their closing arguments to voters in San Francisco.
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