Palin to Refund Most Monies

from her "legal defense fund" set up while she was Governor of Alaska. According to an article on-line at the Anchorage Daily News:

An independent counsel has determined that former Gov. Sarah Palin's legal defense fund violated state law because it provided a "private financial benefit" to her and her family.

In announcing his findings this afternoon, the independent counsel, Anchorage attorney Tim Petumenos, said Palin agreed to settle the ethics complaint by the trust returning $386,856 donated to the trust before she resigned last year.

~ snip ~

Petumenos found the 2008 GOP vice presidential nominee acted in good faith and relied on the advice of lawyers when setting up the fund, and recommended no further sanctions. He said the evidence supports Palin's contention that she did not "knowingly" break state ethics law with the legal defense fund.

In the settlement, signed by Palin, she agrees "to continue to decline to accept funds donated prior to the date of her resignation from the governor's office."

Click to read the whole thing.