“The FEC breakdown of the Obama campaign has identified a staggering $222.7 million as coming from contributions of $200 or less. Only $39.6 million of that amount comes from donors the Obama campaign has identified. It is the largest pool of unidentified money that has ever flooded into the U.S. election system, before or after the McCain-Feingold campaign finance reforms of 2002.”
Mounting Evidence Indicates Illegal Money Flowing from Foreigners to Obama Campaign
Calls for formal investigation go unheeded so far
By Allan Erickson
More than a few eyebrows are being raised in view of the massive monetary war chest amassed by Sen. Barack Obama who once promised to rely on public campaign financing, only to reverse himself in view of the obvious advantage of raising far more money by private means.
The undisclosed sources of large private sums allegedly donated overseas is the cause for concern, especially in view of federal law which prohibits foreign money flowing to American campaign coffers.
As the Obama campaign approaches a record-setting $500m mark*, more than twice the amount of any other presidential candidate ever, reports indicate an unnamed Federal Election Commission auditor is calling for a formal investigation.
The Obama campaign has assured voters its fundraising activities are entirely legal. Campaign officials have noted internet contributions cannot always be policed, especially if donors lie about their status.
AP reports both McCain and Obama have received contributions from overseas. Reportedly, these contributions are legal as they come from American citizens living overseas and military personnel. The controversy surrounds money coming from unknown foreign individuals and organizations donated illegally, allegedly.
AP reports: “Obama has raised at least $2 million abroad, far more than McCain’s total of at least $229,000, according to the AP’s review of campaign finance records.”
The following reports however raise more serious questions about funds flowing to Obama from foreign sources in Iran, Nigeria and Arab nations like Libya.
OBAMA’S FISHY $200m
An auditor for the Federal Election Commission is attempting to have his bosses seek a formal investigation into the collection by the Obama for President campaign of more than $200 million in potentially illegal political donations, including millions of dollars of illegal, foreign donations, and has sought a request for assistance from the Department of Justice or Federal Bureau of Investigation. But the analyst’s requests have largely been ignored. “I can’t get anyone to move. I believe we are looking at a hijacking of our political system that makes the Clinton and Gore fundraising scandals pale in comparison. And no one here wants to touch it.”
The FEC analyst says that Obama’s filings indicate he has received large, bundled sums of donations from overseas, sometimes exceeding a quarter millions dollars. “It’s suspicious, but it’s the small donations made by credit card that need to be examined. We’ve raised red flags on many of these and the Obama campaign just ignores us. After this election, after we’ve sifted through everything — if we’re allowed to sift through everything — I am confident that we are looking at perhaps the largest fine every leveled against a national campaign entity.”
[Last month, the NY Times reported on Obama’s ‘bundlers’—many representing lobbying interests:]
Big Donors, Too, Have Seats at Obama Fund-Raising Table
By MICHAEL LUO and CHRISTOPHER DREW
Published: August 5, 2008
“Given his decision not to accept public financing, Mr. Obama is counting on his bundlers to help him raise $300 million for his general-election campaign and another $180 million for the Democratic National Committee.
An analysis of campaign finance records shows that about two-thirds of his bundlers are concentrated in four major industries: law, securities and investments, real estate and entertainment. Lawyers make up the largest group, numbering roughly 130, with many of them working for firms that also have lobbying arms. At least 100 Obama bundlers are top executives or brokers from investment businesses: nearly two dozen work for financial titans like Lehman Brothers, Goldman Sachs or Citigroup. About 40 others come from the real estate industry.”
According to the unnamed FEC auditor, and the following report from NewsMax, it is suspected bundling overseas accounts for huge sums flowing illegally to the Obama campaign.
SECRET, FOREIGN MONEY FLOODS INTO THE OBAMA CAMPAIGN
More than half of the whopping $426.9 million Barack Obama has raised has come from small donors whose names the Obama campaign won’t disclose.
Unlike the McCain campaign, which has made its complete donor database available online, the Obama campaign has not identified donors for nearly half the amount he has raised, according to the Center for Responsive Politics (CRP).
The FEC breakdown of the Obama campaign has identified a staggering $222.7 million as coming from contributions of $200 or less. Only $39.6 million of that amount comes from donors the Obama campaign has identified.
It is the largest pool of unidentified money that has ever flooded into the U.S. election system, before or after the McCain-Feingold campaign finance reforms of 2002.
In July and August, the head of the Nigeria’s stock market held a series of pro-Obama fundraisers in Lagos, Nigeria’s largest city. The events attracted local Nigerian business owners.
At one event, a table for eight at one fundraising dinner went for $16,800. Nigerian press reports claimed sponsors raked in an estimated $900,000.
In June, Libyan leader Moammar Gadhafi gave a public speech praising Obama, claiming foreign nationals were donating to his campaign.
“All the people in the Arab and Islamic world and in Africa applauded this man,” the Libyan leader said. “They welcomed him and prayed for him and for his success, and they may have even been involved in legitimate contribution campaigns to enable him to win the American presidency…”
Though Gadhafi asserted that fundraising from Arab and African nations were “legitimate,” the fact is that U.S. federal law bans any foreigner from donating to a U.S. election campaign.
The rise of the Internet and use of credit cards have made it easier for foreign nationals to donate to American campaigns, especially if they claim their donation is less than $200.
According to NewsMax . . . “Larry Noble, a former Federal Election Commission general counsel, said the ability to donate money via the Internet ‘has raised the ease with which someone could make a foreign national contribution.’ http://www.newsmax.com/insidecover/obama_foreign_money/2008/08/11/120896.html