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Rumors Swirl: How Bad Will The Obama Foreign Donor Scandal Be?

by on October 7, 2012

http://townhall.com/tipsheet/katiepavlich/2012/10/07/rumors_swirl_how_bad_will_the_obama_foreign_donor_scandal_be

Since last week, the news sphere has been buzzing about the possibility of an Obama campaign foreign donor scandal being the big October surprise of 2012. Since the Washington Examiner first reported the story last week, many are asking how the Obama campaign will handle foreign donation allegations expected to go public Monday in a major magazine and national website story. The Obama campaign has already tried to block the story from publication and although the details of the scandal are still under wraps, we do know taxes and unsecured credit card transactions are about to cause a major headache for the Obama campaign.

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.
The Obama campaign has received hundreds of millions in small dollar donations, many via credit card donations through their website. On Thursday, the campaign announced a record September donor haul of $150 million.
At the end of the 2008 presidential campaign, the Obama-Biden effort was hit with a similar scandal. At the time, the Washington Post reported that the Obama campaign let donors use “largely untraceable prepaid credit cards that could potentially be used to evade limits on how much an individual is legally allowed to give or to mask a contributor’s identity.”

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