California regulators are investigating whether Larry Elder, a recall election candidate for California’s gubernatorial recall race had improperly disclosed his income sources. The Los Angeles Times reported that a spokesman with the Fair Political Practices Commission (FPPC) had confirmed the launch of an investigation into Elder’s filing, on Sunday. All candidates who stand for public office have to file financial disclosures.
Larry Elder’s initial filing was only two pages long, according to the LA Times. The agency had also reported that he might have failed to disclose ownership of Lawrence A. Elder and Associates Inc. as he had only reported income from the company.
After the agency broke the story, the California Democratic Party filed a complaint with FPPC with allegations that Elder had failed to make proper financial disclosures about his income. According to the FPPC, an administrative penalty that could reach almost $5000 per violation would be levied if a candidate fails to comply with the disclosure requirements.
The FPCC sent a letter to Elder’s attorney stating that the watchdog agency had launched an investigation, but it had “not made any determination about the validity of the allegation(s) your client has made about the culpability, if any, of the person(s) identified in the complaint.”
Elder, a conservative radio show host amended the filing on Tuesday to show the following finance income and disclosures:
- Elder owns 100 percent of Lawrence A. Elder and Associates Inc. which is worth between $100,000 to $1 million.
- He received at least $10,000 from conservative organizations including Alachua County, Florida Republican Executive Committee and Epoch Times.
Elder’s amended filing on Tuesday also disclosed income from other conservative organizations such as
- Heartbeatat22 – an anti-abortion nonprofit
- Calvary Chapel Chino Hills
- Promedev Relief Factor – a supplement Elder endorses
- Turning Point USA – a conservative nonprofit
- Salem Media Group – a media group which syndicates his radio show.
