37,000 Obama donations possibly from foreign currency; federal law violations?
Posted Sun, Oct 19, 2008 at 8:05 pm
From this (a followup to this):
more than 37,000 Obama donations appear to be conversions of foreign currency.See also this, where John McCain says:
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...
But many of the donors Newsmax canvassed said they had "never" been contacted by the Obama campaign or seen any refunds, even though their contributions went over the limit months ago.
In all, Newsmax found more than 2,000 donors who had contributed in excess of the $4,600 limit for individuals per election cycle.
Such donations, if not returned within 60 days, are a clear violation of federal campaign finance laws...
"We know that when you have unlimited amounts of money - in this case $200 million unreported - and there's already been stories of people who have made small contributions multiple times and all that. I'm saying it's laying a predicate for the future that can be very dangerous... There's $200 million of those campaign contributions — there's no record. You can report online now. Two hundred million that we don't know where it came from. Lot of strange things going on in this campaign. The American people should know where every penny came from... They know where every penny of my campaign contributions came from."