SF mayoral candidate Mark Farrell to pay ethics penalty for alleged campaign finance violations

Monica Madden Image
Tuesday, November 5, 2024 7:44PM
Mark Farrell to pay penalty for alleged campaign finance violations
Mark Farrell to pay penalty for alleged campaign finance violationsSan Francisco mayoral candidate Mark Farrell has agreed to pay a settlement to the Ethics Commission after allegedly violating campaign finance rules.

SAN FRANCISCO (KGO) -- San Francisco mayoral hopeful Mark Farrell has agreed to pay a $108,179 settlement to the city's Ethics Commission after it alleged Farrell violated campaign finance rules. The figure is the largest settlement in the commission's history.

The SFEC alleges Farrell took $93,000 from his political action committee in support of Proposition D, and then improperly funneled that cash into his own campaign for mayor, according to the settlement agreement. Legally, a PAC can receive unlimited donations, while campaign committees are limited to receiving individual contributions up to $500.

WATCH: Here's what San Francisco mayoral candidate Mark Farrell had to say about tackling crime, homelessness, the economy and more

Here's what San Francisco mayoral candidate Mark Farrell had to say about tackling crime, homelessness, the economy and more.

Campaign finance laws strictly prohibit resource sharing amongst campaigns and PACs.

"The potential harm in a reversed transaction of this size is that it serves as an interest-free loan to the mayoral committee," the ethics commission wrote in its report.

MORE: San Francisco mayoral candidates make last-minute push to voters: 'So much at stake'

In a statement, Farrell took full responsibility, describing the violations as an "accounting error" that was corrected and publicly disclosed several months ago.

"We agreed to a settlement for an accounting error that we corrected and publicly disclosed months ago, and over a disagreement about staff time allocation during the campaign, which led us to terminate our prior legal counsel for this matter. As the person responsible for both campaigns, I take full ownership of these issues-this is kind of accountability I am modeling for my children," he said. "I take pride in following the law at all times and setting an example of accountability for my staff."

MORE: Top SF mayoral candidates share vision for city, crime, homelessness

Investigators said they also identified emails from Farrell that counter his claim of it being a misunderstanding.

The settlement came just a day before the election, in which a crowded field of candidates are looking to oust incumbent Mayor London Breed. ABC7 News caught up with the top contenders as they made their closing arguments to voters in San Francisco.

Now Streaming 24/7 Click Here
Copyright © 2024 KGO-TV. All Rights Reserved.