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John Edwards may have to pay back $2.3M

WASHINGTON, July 20 (UPI) -- Former U.S. presidential candidate John Edwards may have to pay back $2.3 million in federal matching funds given his 2008 campaign, officials say.

The Federal Election Commission is scheduled to hold an open meeting Thursday to decide whether or not Edwards, a former Democratic U.S. senator from North Carolina, will have to pay back the money, Politico reported.

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Edwards was charged in June with eight felony counts of alleged violations of campaign finance laws in connection with his concealment of an affair.

An FEC audit found that $2.1 million of matched campaign funds made after Edwards dropped out of the race were "in excess of the candidate's entitlement." The audit also found that cash-on-hand was under-reported during the fourth quarter of 2007 and first quarter of 2008, totaling about $1 million.

The audit says the campaign should pay $140,000 to the National Treasury.

Edward's lawyers say the campaign had to "deal with a variety of issues" that made the final 2008 payroll larger than investigators say it should have been.

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