John Edwards: Soon on the Receiving-End of Collections Calls?

http://www.insidearm.com/news/00002073-john-edwards-soon-on-the-receiving-end-of/

Over on our Forbes.com blog, I’ve taken a look at what it might take to collect a debt from a has-been presidential nominee.

As you may have read recently, John Edwards is being asked to pay back $2.3 million in campaign funds. Some of that is matching funds the former candidate, turns out, wasn’t actually eligible for. Some of it’s for stale-dated checks, which are “checks sent back to donors but never cashed.”

“If they were to look at the history of collections of these types of fines the Feds might choose to cut their expenses now and drop it, as it seems that the government has a record of collecting only four (!) percent of white collar fines like this.”

Check out the full post on insideARM.com’s Forbes blog, The Business of Receivables: Can of Worms: Will Debt Collectors Dial John Edwards’ Number?