The commission said Leave.EU incorrectly reported what it spent at the EU referendum, failing to include at least 77,380 pounds in its spending return and thus exceeding a spending limit.
“Leave.EU exceeded its spending limit and failed to declare its funding and its spending correctly,” Posner said.
In the June 23, 2016 referendum, 17.4 million votes, or 51.9 percent of votes cast, backed leaving the EU while 16.1 million votes, or 48.1 percent of votes cast, backed staying.
Leave.EU said the total alleged overspend represented less than 0.1 percent of the total campaign finance spend and was a risible attempt to portray the campaign as breaking the rules.
“The Electoral Commission is a ‘Blairite Swamp Creation’ packed full of establishment ‘Remoaners’,” Banks said.
“We view the Electoral Commission announcement as a politically motivated attack on Brexit and the 17.4 million people who defied the establishment to vote for an independent Britain,” he said.
The commission said Leave.EU failed to include services it received from U.S. campaign strategy firm Goddard Gunster in a spending return. The commission also found Leave.EU inaccurately reported three loans it had received.
But the voting regulator said it had found no evidence that Leave.EU received donations or paid-for services from Cambridge Analytica, a political consultancy at the center of a storm over how Facebook data was used in political campaigns.
“The investigation found no evidence that Leave.EU received donations or paid-for services from Cambridge Analytica for its referendum campaigning and found that the relationship did not develop beyond initial scoping work,” it said.
Leave.EU and Cambridge Analytica had previously denied working together on the Brexit campaign. Leave.EU was not the officially designated “leave” campaign group during the referendum.
“The Electoral Commission went big game fishing and found a few ‘aged’ dead sardines on the beach. So much for the big conspiracy!” Banks said. “What a shambles, we will see them in court.”