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Document: FEC fines Maragos in 2012 U.S. Senate loan glitch
Nassau Comptroller George Maragos must pay a $5,000 fine for failing to keep his campaign fund accounting straight in his failed 2012 U.S. Senate run, the Federal Election Commission disclosed Friday. The FEC filed a complaint after finding Maragos misreported his personal loans to his campaign in the first three months of 2012.
Before the June primary, Maragos reported lending his campaign $40,960 for a total outstanding of $1.1 million. But in August, after he lost, he amended the filing for the first three months of the year to say he actually loaned himself nearly $835,000, for a $1.9 million total — and paid himself back $800,000 of it.
In his negotiated FEC settlement -- embedded below -- Maragos blamed the error on “inexperienced staff” who entered “net” loan figures instead of totals.