FEC Investigators Digging Into Obama's 2008 Campaign
Barack Obama raised a record-shattering $750 million on his way to winning the 2008 presidential election. But that stunning flood of cash has triggered an investigation by the Federal Election Commission, which is taking a detailed look at the campaign's records and transactions.
In October 2008, Newsmax's Ken Timmerman reported that questions about the source of Obama's amazing fundraising were already swirling around. He reaped a stunning $150 million in campaign donations in September of that year, bringing his total at the time to more than $600 million.
As Timmerman reported:
By Obama’s own admission, more than half of his contributions have come from small donors giving $200 or less. But unlike John McCain’s campaign, Obama won’t release the names of these donors.
A Newsmax canvass of disclosed Obama campaign donors shows worrisome anomalies, including outright violations of federal election laws.
For example, Obama has numerous donors who have contributed well over the $4,600 federal election limit.
Many of these donors have never been contacted by the Obama campaign to refund the excess amounts to them.
And more than 37,000 Obama donations appear to be conversions of foreign currency.
According to a Newsmax analysis of the Obama campaign data before the latest figures were released, potential foreign currency donations could range anywhere from $12.8 million to a stunning $63 million in all. With the addition of $150 million raised in September, this amount could be much more.
i love Obama and wish him all the best. he came into this mess with the best of intensions. he does not have a magic wand. i support him all the way.
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