Obama’s Fundraising Fraud

http://pajamasmedia.com/blog/obamas-fundraising-fraud/2/

It turns out that half of Obama's haul in 2008 has come in contributions of $200 dollars or less. These small donations do not require public disclosure under FEC guidelines, and the Obama campaign refuses to make public its list of contributors. Obama earlier announced he'd accept public financing if the GOP nominee did the same (and then, of course, broke his pledge in June after realizing he'd far surpass previous fundraising records). So there's a pattern. By keeping his donor list secret now, the Illinois senator has heightened speculation of financial impropriety. Not only can Obama's inside operatives organize massive bundling operations outside the law, there are no safeguards against the new "fat cat" contributors who bundle their own cash. Hillary Clinton's Norman Hsu scandal from late-2007 points to the kind of abuses possible under the current regime. A more serious breach of faith may be taking place right now in the Obama camp.

As Scott Mirengoff at Powerline reported on Thursday, the Obama campaign refuses to screen credit card contributions for potential fraudulent transactions, and thus any individual could make unlimited contributions using infinite aliases.

It turns out, for example, that credit card companies deploy a variety of security measures to guarantee the processing of electronic transactions. For campaign giving, the key safeguards are vendor address verification, country of residence, and proof of citizenship. We now know that Obama operatives at the campaign's website have disabled the security settings on vendor identity to expedite online donations, gifts that then speed through to fund election activities that would be flagged as illegal under normal FEC reporting standards.