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But false disclosure reports have led to prosecutions: Senator Ted Stevens of Alaska, for example, was charged with failing to report gifts.
"I have never knowingly submitted a false disclosure form required by law as a U.S. senator," he said in the statement.
WASHINGTON — Senator Ted Stevens took the witness stand in his own defense on Thursday, asserting that he had never engaged in any scheme to file false disclosure forms in the Senate.
Many foreign companies and executives have a "fear of the United States: of litigation, of Sarbanes-Oxley, of the reach of the S.E.C., of the disclosure requirements and penalties associated with false disclosure," said Mr. Cole-Fontayn of the Bank of New York.
The FPPC staff accuses Orduna and Sanders, his campaign manager, of false disclosure in connection with these donations, which are among dozens of contributions cited in the 58-page complaint against the two men.
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False disclosures are rare.
The Goldman scandal raises several important questions: Did John Paulson and ACA know that Goldman was making these false disclosures to the CDO purchasers?
Willfully and knowingly filing a false financial disclosure statement is a fourth-degree crime in New Jersey.
An Interior Department official who has been linked to the disgraced lobbyist Jack Abramoff was charged in Federal District Court with filing a false financial disclosure report, a misdemeanor.
That one instance was a 2006 case involving Lester M. Crawford, a former commissioner of the Food and Drug Administration who submitted false financial disclosure documents to the Senate Committee on Health, Education, Labor, and Pensions.
Edwards is charged with six criminal counts including conspiracy to violate the Federal Election Campaign Act, accepting contributions that exceeded campaign finance limits, and causing his campaign to file a false financial disclosure report.
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