Brexit campaigner Arron Banks is being investigated by the elections watchdog over whether he breached campaign finance rules on donations in last year's EU referendum.
The Electoral Commission said it will probe whether the former UKIP donor and Leave. EU chairman may have committed offences over donations or loans made to campaigners in the referendum.
Responding, Mr Banks tweeted, "Gosh I'm terrified."
Investigations are now looking into whether the South Gloucestershire millionaire businessman breached campaign finance rules.
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Chairman of UKIP Steve Crowther has defended his party's controversial poster published last week showing a queue of migrants arriving at a Euro border.
Speaking at one of the last debates of the Referendum campaign Mr Crowther joined the founder of pub chain JD Wetherspoon Tim Martin in Exeter to put across their Brexit views.
They are debating against Musician and activist Billy Bragg and former cabinet minister Ben Bradshaw.
When questioned on the controversial ad campaign, Mr Crowther stated the EU had not got a mechanism or ability to stop the flow of migrants - which was what the poster was showing.
But Molly Scott-Cato MEP, said posters like that were spreading fear, adding that it was necessary to separate EU migrants from genuine refugees that were pictured in the poster.
She added the UK was a country that helps refugees and does not turn its back.
The UKIP leader Nigel Farage is due in Gloucester later on his "Say No to the EU" tour of the country.
Mr Farage is holding a public meeting on the planned referendum at the GL1 leisure centre this evening.
He hopes to gather support for the party's campaign for the UK to leave the European Union.
UKIP say tolls should be scrapped once the Severn bridges return into public ownership.
The Government says VAT will be scrapped on charges in 2018, but on a visit to the Welsh side of the bridge today, UKIP's leader Nigel Farage called for the fee to be completely abolished.