John Edwards may have to repay $2M

Edwards ended his run for the White House in January 2008, nearly three-and-a-half years ago, but he has continued spending an average of $60,000 a month. That's federal matching money, public money and money from contributors.

Now, the FEC is recommending the Edwards campaign repay the money to the federal government.

The audit issued the following findings:

  • Matching funds received in excess of entitlement
  • Misstatement of financial activity
  • Failure to itemize loan repayments
  • Stale-dated checks

The ABC11 Eyewitness News I-Team has been digging into the Edwards campaign for months and discovered that according to federal campaign finance laws, Edwards can use what's left in his campaign fund for a variety of things, including paying his legal defense. He was recently indicted on felony campaign finance charges.

Kitty Stockton, a Chapel Hill realtor, is asking for a $500 refund for the donation she made to the Edwards campaign.

On Thursday, the FEC will hold a meeting in Washington to decide if Edwards should repay the money. The campaign has $2.6 million dollars in its account.

Edwards's lawyers are challenging the findings, saying they incurred "unanticipated expenses" related to the Justice Department's investigation.

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