FEC Launches Audit of Obama’s 2008 Campaign

by
April 20, 2011

By Alex Knott, Roll Call Staff

The Federal Election Commission has launched an audit into President Barack Obama’s record-breaking 2008 campaign.

Individuals familiar with the campaign told Roll Call Friday that the FEC has been investigating the financial records of Obama’s previous campaign. The scope of the probe, which began approximately two
years ago, is unknown. Presidential audits typically take years to complete and can cost millions of dollars.

The newly formed 2012 Obama campaign did not deny there was an audit, but a spokeswoman called it a “review.”

“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,” said Katie Hogan, deputy press secretary for the campaign. “Given that there was an historic number of contributors and contributions — nearly four million and over nine million respectively — this takes time.”

The FEC was not required to audit the president’s campaign because Obama chose not to accept $84 million in federal funds following the Democratic National Convention in 2008. However, the agency was obligated to launch a similar investigation into Republican nominee Sen. John McCain‘s (Ariz.) 2008 White House bid after he opted to receive government funds.

FEC spokespeople would not confirm the audit of Obama’s 2008 bid or say why the agency used its discretion to launch its investigation. But the decision came in the wake of Republican allegations of illegal contributions, as well as dozens of letters from the agency questioning transactions that appeared out of compliance with campaign finance laws.

The FEC’s decision to audit the campaign is not surprising, given that it was the largest federal campaign in history, raising more than $750 million in receipts. If Obama’s campaign were not audited, it would have been the first presidential nominee’s campaign to escape such scrutiny since the public financing system was created in 1976.

To read more,visit: http://www.rollcall.com/news/FEC-Launches-Obama-Campaign-Audie-205014-1.html

 

?>

Keep the Fake News Media in check.

Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.

Facebook Auto Publish Powered By : XYZScripts.com
Google Analytics Alternative