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Newsmax...
FEC Investigators
Digging Into Obama’s 2008 Campaign
Saturday, 16 Apr 2011
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.
According to Roll Call, the audit of Obama’s financial records began
two years ago. It was not required by law, since the Obama campaign did
not accept federal matching funds and funded itself entirely with
private donations. But allegations of improper contributions, coupled
with the FEC’s suspicions of certain transactions, led to the probe.
Obama recently officially launched his 2012 campaign effort, and a
representative there admitted to Roll Call that a review was under way.
“The FEC is conducting a routine review — as is true with the McCain
campaign, the Romney campaign and many others — to determine if they
have any questions with the information reported,” Katie Hogan, deputy
press secretary for Obama’s re-election campaign, told Roll Call.
“Given that there was an historic number of contributors and
contributions — nearly 4 million and over 9 million, respectively —
this takes time.”
Read the full story at Newsmax
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