Article Image

IPFS News Link • California

California Investigating Larry Elder's Financial Disclosure, While LA Times Smears Him

• Fox News, BizPacReview and Breitbart

After failing to keep him off the ballot over issues with his tax returns, California Democrats have now resorted to investigating gubernatorial candidate Larry Elder's financial disclosures.

According to the Hill, California's Fair Political Practices Commission (FPPC) has launched an investigation into Larry Elder's financial disclosure after the state's Democratic Party "filed a complaint against Elder, accusing the Republican of not properly disclosing aspects of his finances and business."

Earlier in the month, the Los Angeles Times reported that Larry Elder "improperly listed financial disclosures related to Laurence A. Elder & Associates Inc, a business which experts told the news outlet it appeared he owned."

In Elder's Statement of Economic Interests, the Times reported that the candidate did not specify that he owned a stake of the company and only indicated that it was "a source of income":

An Elder spokeswoman had told the Times that "it appears there might have been an oversight" and his filing was later updated to show that he owned 100 percent of the company. He also updated that the company was valued at between $100,000 and $1 million.