Investigation of possible Obama campaign finance scandal

Paul Bedard:

President Obama reelection campaign, rattled by his Wednesday night debate performance, could be in for even worse news. According to knowlegable sources, a national magazine and a national web site are preparing a blockbuster donor scandal story.

Sources told Secrets that the Obama campaign has been trying to block the story. But a key source said it plans to publish the story Friday or, more likely, Monday.

According to the sources, a taxpayer watchdog group conducted a nine-month investigation into presidential and congressional fundraising and has uncovered thousands of cases of credit card solicitations and donations to Obama and Capitol Hill, allegedly from unsecure accounts, and many from overseas. That might be a violation of federal election laws.
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What the Obama campaign does is not require the use of the credit card verification code on the back side of the card.  This allows people to make up names under which to contribute and it also permits foreigners to make illegal campaign donations.  I have printed excerpts of email solicitations send to a friend in Eastern Europe who is not a citizen.  He got similar solicitations in 2008.  They have been rather brazen about the practice, but the FEC has so far done nothing to my knowledge.

BTW the Obama campaign disable the security coding in the 2008 campaign too.

Kerry Picket has more on Obama's record on overseas contributions.