Wednesday, July 16, 2008

Loveless and Istook Pay Hefty Fines

Istook pays nearly $14,000 in fines to FEC

Associated Press - July 16, 2008 1:25 AM ET

OKLAHOMA CITY (AP) - Former Oklahoma Congressman Ernest Istook has settled some fines stemming from an audit of his 2004 re-election campaign.

Istook says he paid the Federal Election Commission nearly $14,000 -- 12,000 out of remaining campaign funds and $1,800 in personal money. His ex-campaign manager, Kyle Loveless, paid an $800 fine.

Istook said the fines were part of an agreement reached by the campaign and FEC staff members. The FEC report shows that $2,000 is owed to the Washington law firm hired by Istook's campaign to handle the matter.

He and Loveless already had to reimburse the campaign $7,000 for expenses that were deemed to be personal. Among other errors were taking prohibited corporate donations and failure to disclose more than $26,000 in last-minute gifts.

Istook told The Oklahoman's Washington bureau that he accepts responsibility for the bookkeeping and reporting errors his campaign staff made.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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