Photo: PABLO UNZUETA
Democrats have filed a complaint with the Fair Political Practices Commission which alleges recall candidate Larry Elder failed to properly report income from his business.
Elder’s initial filing was only two pages long and only showed income from Laurence A. Elder and Associates Inc.A Times article earlier this month first reported that Elder likely failed to properly disclose his finances because he appeared to own the company, meaning he was also required to report ownership in the business as well as income sources to the company above certain amounts, according to The Los Angeles Times.
Failure to comply with the disclosure requirements carries an administrative penalty of up to $5,000 per violation, according to the state Fair Political Practices Commission The commission will is investigating the complaint.