Obama bundler tied to Chinese government?

posted at 10:01 am on October 8, 2012 by Ed Morrissey

Most Republicans recall the Doodad Pro controversy from almost exactly four years ago, where Team Obama campaign websites turned off credit card security checks that allowed fraudulent and foreign donations to flow into the campaign.  Could that be happening again?  According to a new independent report from the Government Accountability Institute and reported by Breitbart, not only is it actually happening again — it’s actually gotten worse.  A bundler for Barack Obama has set up a shady website operation to collect donations to the campaign, but it’s based in Shanghai, and the bundler has ties to the Chinese government:

In an explosive report set to send shockwaves through official Washington, the Government Accountability Institute (GAI) released a 108-page GAI investigation into the threat of foreign and fraudulent Internet campaign donations in U.S. federal elections (visit campaignfundingrisks.com to download the full report).

Breitbart News obtained an advance copy of the bombshell report which reveals that the Obama.com website is not owned by the president’s campaign but rather by Obama bundler Robert Roche, a U.S. citizen living in Shanghai, China. Roche is the chairman of a Chinese infomercial company, Acorn International, with ties to state-controlled banks that allow it to “gain revenue through credit card transactions with Chinese banks.”

There’s more.

The unusual Obama.com website redirects traffic directly to a donation page on the Obama campaign’s official website, my.barackobama.com, which does not require donors tob enter their credit card security code (known as the CVV code), thereby increasing the likelihood of foreign or fraudulent donations. The website is managed by a small web development firm, Wicked Global, in Maine. One of Wicked Global’s employees, Greg Dorr, lists on his LinkedIn page his additional employment with Peace Action Maine and Maine Voices for Palestinian Rights. According to the GAI report, 68 percent of all Internet traffic to Obama.com comes from foreign visitors.

GAI notes that the connections between the bundler and the Beijing regime come through China’s state-run media:

Obama.com Purchased By An Obama Bundler In Shanghai, China With Questionable Business Ties to State-Run Chinese Enterprises: In 2008, Obama.com was purchased by an Obama fundraiser living in Shanghai, China, whose business is heavily dependent on relationships with Chinese state-run television and other state-owned entities. (see page 62)

And not surprisingly under these circumstances, more than two-thirds of all traffic to Obama.com comes from outside the US:

68% Of Traffic To Anonymously Registered Obama.com Is Foreign: According to industry leading web analytics site Markosweb, an anonymously registered redirect site (Obama.com) features 68 % foreign traffic. Starting in December 2011, the site was linked to a specific donation page on the official BarackObama.com campaign website for ten months. The page loaded a tracking number, 634930, into a space on the website labeled “who encouraged you to make this donation.” That tracking number is embedded in the source code for Obama.com and is associated with the Obama Victory Fund. In early September 2012, the page began redirecting to the standard Obama Victory Fund donation page

Breitbart promises more about the China connection later, but let’s take a look at the domestic side of Doodad Pro II: Chinese Boogaloo. According to the executive summary of the report, Team Obama disabled the security processes for credit-card transactions designed to detect fraud and other illegal activity — but only on contributions.  Those security protocols are fully engaged for merchandise purchases:

Obama Campaign Lacks the Industry-Standard Level Of Credit Card Security For Donations, But Uses It For Merchandise Purchases: To purchase Obama campaign merchandise, the campaign requires buyers to enter their credit card CVV security code, but does not require the credit card security code to be entered when making an online campaign donation (see page 60). By GAI’s estimates, the Obama campaign’s failure to utilize industry-standard protections potentially costs the campaign millions in extra processing fees. (see pages 35 and 59)

There is no other conclusion to reach but that this decision was deliberate, especially since it became an issue just before the 2008 election.  The Washington Post reported on it, at least for a brief time, and it became a topic of some interest among Republicans in Congress.  Even if one was inclined to chalk it up to error by an inexperienced campaign in 2008, that excuse no longer applies in 2012 — especially not when the campaign seems more concerned about fraud in merchandise sales, which would cost them more in reversals (product costs) than returned donations would.

Our Salem colleague Katie Pavlich has a great analysis of the report:

OFA seems to be taking advantage of a “foreign donor loophole” by not using CVV on their campaign donation page. When you donate online to the Obama campaign using a credit card, the contribution webpage does not require donors to enter a secure CVV number (also known as CSC, CVV2 or CVN), the three-digit securing code on the back of credit cards. This code, although not 100 percent effective, is used to ensure a person making a purchase physically possesses the card. According to the report, 90 percent of e-commerce and 19 of the 20 largest charities in the United States use a CVV code, making its use standard industry practice in order to prevent fraud. Another anti-fraud security measure includes software, better known as an Address Verification System, to verify a donor’s address matches the address on file with the credit card company. The investigation could not determine whether OFA is using this type of software to prevent fraudulent or illegal donations.

Because of the lack of a CVV code requirement, the door is opened for OFA to accept robo-donations, or in other words, large numbers of small and automatic donations made online to evade FEC reporting requirements. Although it isn’t illegal to decline the use of a secure CVV credit card code for campaign donations, it is illegal to accept campaign donations from foreign sources. Campaigns are required under criminal code not to solicit, accept or receive foreign donations in any amount. The Federal Elections Commission doesn’t require campaigns to disclose the names of donors making contributions of less than $200 unless audited. In addition, FEC rules don’t require campaigns to keep records of those giving less than $50. These rules combined with the lack of a CVV numbers make it easy for campaigns to get away with taking foreign donations. …

As of September 26, 2012, the Obama campaign has raised $271,327,755 in contributions under $200 for the 2012 cycle. In 2008, it was $335,139,233. The Romney campaign has raised just $58,456,968 in contributions under $200 and has all CVV and online security measures in place. In total, the Obama campaign raised $500 million online in 2008 with $335 million in contributions–more than half–falling under the $200 reporting requirement. Obama has raised more online funds than any campaign in history. ….

In this situation, the foreign donation problem coming from online sources can be solved and President Obama’s promise of transparency can be kept in one click by enabling all security protections and releasing the names and records on all transactions under $200 to verify Obama for America is a clean campaign operating within FEC law.

Katie drills deeply into this report, and demonstrates that this is no accident.  Be sure to read her whole post.

Update: Speaking of Chinese state media, members of Congress have begun pointing to one Chinese telecom as a threat to national security:

According to CBS, U.S. officials believe Huawei could “intercept high-level communications, gather intelligence, wage cyber war, and shut down or disrupt critical services” in the United States on China’s behalf.

While there is no “hard evidence” for these claims, according to CBS, the possibility has led the Obama administration to interfere with Huawei’s efforts to expand in the United States.

In one case, federal officials convinced Sprint not to sign a $5 billion contract with the company to build a 4G wireless network, CBS reported.

Huawei already maintains a “handful” of networks in rural America, according to CBS, but is trying to gain a bigger foothold with an “army of lobbyists and public relations firms.”

That’s just a reminder of the stakes involved.

 


Related Posts:

Breaking on Hot Air

Blowback

Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.

Trackbacks/Pings

Trackback URL

Comments

Comment pages: 1 2

Lsm will focus on gop folks instead like rubio…if they focus on this at all

cmsinaz on October 8, 2012 at 10:06 AM

Obama’s supporters don’t even *care* about this. I cry for my country.

LilyBart on October 8, 2012 at 10:07 AM

Illegal Chinese money?

No wonder Bill Clinton endorsed him so strongly.

KingGold on October 8, 2012 at 10:07 AM

BOMBSHELL

DYNAMITE

SHOCKWAVES

yea…please…not again.

Scoreboard44 on October 8, 2012 at 10:07 AM

Obama did say it would be easier to be president of China.
What importance is this?

I have no idea.

Electrongod on October 8, 2012 at 10:08 AM

We’ve known all of this stuff since 2008. No one did much of anything then. What will they do now? There have to be consequences for this behavior, but no one wants to go there.

All we can do is vote the Once out of there. I hope it works.

BetseyRoss on October 8, 2012 at 10:09 AM

After 2008, why didn’t republicans in congress make sure that this was made completely illegal by sneaking it in anywhere. This is why republicrats are useless – they see demonrats do something illegal, and then they make no move to block it later. Pathetic.

deadite on October 8, 2012 at 10:10 AM

Laws only apply to Republicans.

rbj on October 8, 2012 at 10:10 AM

“After I am re–elected, I will have more flexibilty.” A 6x 6 and a orange jumpsuit maybe to good for these bottom feeders. And what happened to transparency? Guess it was sold for 30 pieces of silver.

stormridercx4 on October 8, 2012 at 10:11 AM

McCain : We have nothing to fear with Barack Obama in the White House.

the_nile on October 8, 2012 at 10:12 AM

We’ve known all of this stuff since 2008. No one did much of anything then. What will they do now? There have to be consequences for this behavior, but no one wants to go there.

All we can do is vote the Once out of there. I hope it works.

BetseyRoss on October 8, 2012 at 10:09 AM

Yeah, vote the Once out, and vote out the spineless hacks in Congress who let crap like this continue.

Even if there’s a FEC fine, the fine will be a small fraction of the money raised. So O-bots will pay the fine and pocket the difference. They see the fine as just another cost of doing business.

petefrt on October 8, 2012 at 10:16 AM

Our GOP leaders in congress are too big of pansies to do anything about this

karenhasfreedom on October 8, 2012 at 10:17 AM

Stephanie Cutter: “This is another pitiful attempt to discredit our great president Barack Obama. Team Obama exchanges all those Chinese Yuan to American Dollars, therefore it is not foreign currency fueling our campaign.”

And the MSM will concur and report that this is a right wing conspiracy theory.

kam582 on October 8, 2012 at 10:17 AM

Is the bombshell report from the “national” magazine?

rrpjr on October 8, 2012 at 10:18 AM

This is bad, but the Republicans aren’t going to do anything about it.

Doomberg on October 8, 2012 at 10:18 AM

Obama.com is redirecting. Redirecting.

This is nothing.

Who thought this was something????

This makes us look foolish and stupid.

faraway on October 8, 2012 at 10:18 AM

Just consider this the first, er second, global election. The more, the merrier, right? That’s the spirit! Now… Who wants cake!

Mr_Magoo on October 8, 2012 at 10:19 AM

OT/

Romney is set to speak at Virginia Military Institute at 11:20 a.m. ET.

Read more: http://www.foxnews.com/politics/2012/10/08/romney-to-deliver-foreign-policy-speech-amid-big-questions-on-libya-global/#ixzz28iWv6QWK

Cody1991 on October 8, 2012 at 10:19 AM

Groups associated with former ACORN parent organization are still receiving federal dollars, Planned Parenthood still receives taxpayer funds, and othing will be done avout these illegal donations.

Congressional Republicans are useless.

rickyricardo on October 8, 2012 at 10:19 AM

Another anti-fraud security measure includes software, better known as an Address Verification System, to verify a donor’s address matches the address on file with the credit card company. The investigation could not determine whether OFA is using this type of software to prevent fraudulent or illegal donations.

Disabling AVS would be much more damning than CVV, and it shouldn’t be too hard to figure this out. All you have to do is make a donation and give the wrong zip code. If the transaction goes through, they are ignoring AVS.

willr on October 8, 2012 at 10:20 AM

Nothing to see here.

No one will do anything. Nothing to prosecute. No one goes to jail. 47% don’t care. Obama doesn’t care. The media doesn’t care. It’s too ordinary for the regular people to care about, because most of them are to stupid to care.

Another dumbass Breitbart “Bombshell”. Daily Caller and Hannity remain silent.

Tell me when we think Obama has shot someone then we might be able to get someone to notice.

Scoreboard44 on October 8, 2012 at 10:20 AM

Wasn’t there supposed to be some magazine expose about this coming out today? It looks like that’s not happening.

J.S.K. on October 8, 2012 at 10:21 AM

Will Bohner weep about this scandal?

rickyricardo on October 8, 2012 at 10:23 AM

Heheh,Bubba gave him his contacts in the Chinese government :)

jimver on October 8, 2012 at 10:23 AM

They need to change the name to BreitbartWouldntDoThis.com

faraway on October 8, 2012 at 10:23 AM

Manchurian Candidate jokes to commence in 3… 2… 1…

Valkyriepundit on October 8, 2012 at 10:24 AM

GAI seems to have a good team:

http://g-a-i.org/team/

This is probably where Obama’s upsurge in money raised came from.

INC on October 8, 2012 at 10:28 AM

Paw Family, John Huang, Norman Hsu. . just more of the same

vinman on October 8, 2012 at 10:28 AM

In 2008 it was millions pouring in to the Obama campaign from the Middle East, now it’s China taking up the slack. The whole Obama campaign should have been indicted in 2008, but everyone laughed it off.

Scriptor on October 8, 2012 at 10:28 AM

Manchurian Candidate jokes to commence in 3… 2… 1…

Valkyriepundit on October 8, 2012 at 10:24 AM

It’s not a joke if it’s true…

the_nile on October 8, 2012 at 10:28 AM

untrackable donations from overseas, couple of fall guys, problem goes away for a couple of years.

vinman on October 8, 2012 at 10:28 AM

Will Bohner weep about this scandal?

rickyricardo on October 8, 2012 at 10:23 AM

Neah, he’ll hold a press conference about it, in Chinese :)..

jimver on October 8, 2012 at 10:28 AM

The good news is… we don’t have to pay the Chinese back for this money!!

faraway on October 8, 2012 at 10:30 AM

This scandal will not get any traction. Nothing is new from 2008. It is an old and continuing fraud that he MSM will not report. Dead issue.

Rightyismighty on October 8, 2012 at 10:32 AM

In 2008 it was millions pouring in to the Obama campaign from the Middle East, now it’s China taking up the slack. The whole Obama campaign should have been indicted in 2008, but everyone laughed it off.

Scriptor on October 8, 2012 at 10:28 AM

Well, he kept his promise to the Middle East, we know this now…now it’s China’s turn…wonder what did he promise them, the positions of our satellites for the Chinese to shoot with less difficulty, unconditional surrender to their global dominance (well, that’s a given), or what exactly???

jimver on October 8, 2012 at 10:32 AM

Paw Family, John Huang, Norman Hsu. . just more of the same

vinman on October 8, 2012 at 10:28 AM

My thoughts exactly. Remember Hillary said she would return $850,000 of Hsu bundled donations. Did she? From what I remember, all she did was give 23,000 of Hsu direct donation to charity.

Brat on October 8, 2012 at 10:32 AM

why can’t you guys just leave, our first really black president, alone.

renalin on October 8, 2012 at 10:32 AM

No see, it’s okay- campaigns in the past have done this too. In fact, in the last four years, fully half of the Executive campaigns have done this exact thing.

BKeyser on October 8, 2012 at 10:32 AM

This is a pretty big deal. It’s not just about Obama, the report has a much wider range of investigation, including Congress. It’s no surprise that Obama’s campaign is the worst:

The 108-page GAI report found nearly half of Congress, both political parties and presidential candidates, and third-party fundraising groups that funnel money to political parties and candidates were vulnerable to fraudulent and foreign donations. This is a bipartisan problem potentially impacting all levels of government, as those whose organizations were found to have been vulnerable include President Barack Obama, Mitt Romney, Sen. Marco Rubio (R-FL), the Democratic National Committee (DNC), the Republican National Committee (RNC), and third-party groups like ActBlue, which funnels money to progressive politicians.

And the report found that the website Obama.com, which is not owned by President Barack Obama’s campaign but redirects to the campaign’s official donation page, may make the Obama campaign the most susceptible to illicit foreign donations. Obama.com is connected to an Obama campaign bundler, Robert Roche, who is from Chicago but now lives and co-founded a corporation in China. Roche has direct ties to China’s state-owned banking industry.

This info will be used in multiple campaigns. I think the ripples will build on this one.

INC on October 8, 2012 at 10:33 AM

Sounds like an FEC audit is called for.

Allahs vulva on October 8, 2012 at 10:35 AM

This is probably where Obama’s upsurge in money raised came from.

INC on October 8, 2012 at 10:28 AM

Probably? Heh.

It’s the Chicago Way!

Scriptor on October 8, 2012 at 10:35 AM

After 2008, why didn’t republicans in congress make sure that this was made completely illegal by sneaking it in anywhere. This is why republicrats are useless – they see demonrats do something illegal, and then they make no move to block it later. Pathetic.

deadite on October 8, 2012 at 10:10 AM

.
Since it would require the denial level of an Axel-troll to “forget” the House and Senate were under complete Democratic control from 2009 to 2011 …

… AND to also “forget” that Lying Liar Harry Reid has had the Senate in “lockdown” continuously since 2011 … No budget for 3+ years now or anything else of substance.

Another AXEL-TROLL has popped its head up to blame Republicans for not holding the Most Corrupt Administration Ever to account.

Don’t worry troll. Change is coming on November 6, 2012. The scum will be shown the door.

And, who knows, maybe someone will remember that using the Internet to perpetrate a crime can be prosecuted as Wire Fraud – where each individual instance carries its own prison time.

PolAgnostic on October 8, 2012 at 10:35 AM

The 108-page GAI report found nearly half of Congress, both political parties and presidential candidates, and third-party fundraising groups that funnel money to political parties and candidates were vulnerable to fraudulent and foreign donations. This is a bipartisan problem potentially impacting all levels of government,

This is why this won’t get acted on, and will be buried as soon as possible. It impacts both parties.

Doomberg on October 8, 2012 at 10:35 AM

Link to the law itself. Could not be more clear.

pambi on October 8, 2012 at 10:28 AM

Except…you are breaking the law only if you have knowledge that the people are foreign.

And this is set up so the campaign doesn’t know on way or the other…so they are “innocent”, unless you can prove they are knowingly accepting those kind of donations.

right2bright on October 8, 2012 at 10:36 AM

Buh- Buh -, uh – uh

“OFFSHORING- Romney is into offshoring or something….”

“oh oh and – Romney won’t be tough on Chinese- all talk”

More Face palming…… If there is any face left to palm-

hell- Elizabeth Pinocchiohontas HAS MORE CREDIBILITY NOW than these Alinskyites !

FlaMurph on October 8, 2012 at 10:36 AM

Accusing the Obama campaign of accepting illegal foreign donations?

R
A
C
I
S
T

and The Joooooos!

GrannyDee on October 8, 2012 at 10:37 AM

The good news is… we don’t have to pay the Chinese back for this money!!

faraway on October 8, 2012 at 10:30 AM

Heh, you think?? that he didn’t promise them anything for those money? Look how he kept all his promises to the Middle East…so, we might be paying more dearly than you think to get this this f…ing thug elected…he’s in the same league with Chavez….

jimver on October 8, 2012 at 10:37 AM

This is NRO’s quote of the report itself. It says Mitt is OK, which is different from the Breitbart summary I quoted above.

Peter Schweizer, President and Co-Founder of the Government Accountability Institute… “We are urging all congressional offices and President Obama to turn on anti-fraud credit card protections immediately.”

The report found almost half (47.3%) of congressional campaign donation websites lack anti-fraud credit card security systems common on most e-commerce websites. As for Gov. Mitt Romney’s campaign, the research found his website does maintain the proper security measures.

I think that those who don’t use anti-fraud protection will have this pointed out by their opponents.

INC on October 8, 2012 at 10:39 AM

“John Huang, Charlie Trie, Moktar Riahdy, please pick up the white courtesy phone. John Huang,…….”

iurockhead on October 8, 2012 at 10:40 AM

untrackable donations from overseas, couple of fall guys, problem goes away for a couple of years.

vinman on October 8, 2012 at 10:28 AM

.
Who knows? Maybe a new President Romney could put Rudy Guiliani to head the FBI and …

… who knows, maybe someone will remember that using the Internet to perpetrate a crime can be prosecuted as Wire Fraud – where each individual instance carries its own prison time.

Fall guys sentenced to 80 years might know a lot of bigger fish’s dirty little secrets.

PolAgnostic on October 8, 2012 at 10:40 AM

This tool is quite interesting. http://campaignfundingrisks.com/interactive-map/

Double-click on the desired state.

pambi on October 8, 2012 at 10:41 AM

The website is managed by a small web development firm, Wicked Global, in Maine.

Appropriately named.

Is Wicked Global a subsidiary of Treason, Inc.?

MessesWithTexas on October 8, 2012 at 10:42 AM

FTA:

One of Wicked Global’s employees, Greg Dorr, lists on his LinkedIn page his additional employment with Peace Action Maine and Maine Voices for Palestinian Rights.

With out of place non sequiturs like that in the article, don’t expect it to pick up much traction.

DaveS on October 8, 2012 at 10:43 AM

Scoreboard44 on October 8, 2012 at 10:20 AM

The videos were a bignothing, but this has some weight.

It’s actually very easy to explain:

Obama.com is owned by a Barry friend from Chicago, operating in Shanghai and it funnels 70% of Obama’s online dontations, which accounts for hundreds of millions, from overseas donors, in small enough amounts so they can remain anonymous and skirt CC verifications.

181 Million – 98% < $200

How much from online?

If Barry took 20Mil from overseas, this will grab eyeballs.

budfox on October 8, 2012 at 10:43 AM

The only way to stop this practice is to defeat Obama and take the Senate.

Curtiss on October 8, 2012 at 10:43 AM

Our post-American president,a Fellow Citizen of The World, has things arranged so that China is literally in a position to buy the election. What’s the big deal?

The relative lack of comments here and the mostly cynical remarks indicate we know how the media will (not) treat this.

Drained Brain on October 8, 2012 at 10:45 AM

This tool is quite interesting. http://campaignfundingrisks.com/interactive-map/

Double-click on the desired state.

pambi on October 8, 2012 at 10:41 AM

Everyone really needs to click on that map.

That’s the kind of thing that will give this story legs, because it’s not only on Obama, it’s covering candidates across the nation.

INC on October 8, 2012 at 10:46 AM

I hope this isn’t the huge explosive scandal we’ve been hearing rumors of.

There are tens of thousands of Americans living in Shanghai alone, and many more in China overall. It shouldn’t be too shocking that some of them are Obama supporters.

I myself, a US citizen living in Shanghai, occasionally send donations to Republican campaigns from China. I’m pretty sure that’s not illegal.

DarkCurrent on October 8, 2012 at 10:46 AM

Can the RW media please stop over-hyping stuff? I don’t think the strategy works. It may draw more initial interest but people are more likely to dismiss it when they see it doesn’t live up to the hype. Also, it kills credibility. If you keep handing out tickets to firework shows that end up being a little girl with a sparkler standing on stage, people are going to stop showing up.

Fezzik on October 8, 2012 at 10:47 AM

The relative lack of comments here and the mostly cynical remarks indicate we know how the media will (not) treat this.

Drained Brain on October 8, 2012 at 10:45 AM

Considering many were made before people bothered to look at the report, I wouldn’t conclude this too quickly.

INC on October 8, 2012 at 10:47 AM

There is no other conclusion to reach but that this decision was deliberate, especially since it became an issue just before the 2008 election.

Of course the decision was deliberate. Team Obama expected that GAO report to fall like a turd in a chicken house, as did similar droppings in 2008. For some reason, during this election cycle, the media is actually paying attention and doing its job.

Newsweek/Daily Beast? Did Anna Wintour forget to invite Tina Brown to that fundraising dinner?

Mr. Arkadin on October 8, 2012 at 10:51 AM

Thanks Pam….

ScottG on October 8, 2012 at 10:51 AM

Johnny Huang could not be reached for comment…

M240H on October 8, 2012 at 10:53 AM

Can the RW media please stop over-hyping stuff? I don’t think the strategy works. It may draw more initial interest but people are more likely to dismiss it when they see it doesn’t live up to the hype. Also, it kills credibility.

Fezzik on October 8, 2012 at 10:47 AM

It’s meant to fire up the base with the outrage/scandal du jour. I am getting tired of the twin “surely this scandal will FINALLY be the one to sink Obama/Romney!!!!” stuff that’s gone on this election, though. We used to see this a lot on the Dem side but lately it seems like it’s spread to the Rep side now too.

Doomberg on October 8, 2012 at 10:54 AM

Didn’t we go through all the same stuff with Hilary back in 2008?

Are these the same people?

I recall it didn’t seem to have any effect back then.

sultanp on October 8, 2012 at 10:57 AM

Red Flags” for Anti-money Laundering/ Anti-terrorism Risk

The USA Patriot Act was passed shortly after September 11, and expanded the US government’s ability to monitor and detect money laundering and terrorist financing activity. It also placed new requirements on certain US industries to develop a compliance program designed to detect, monitor, and punish money laundering and terrorist financing. The below ”red flags” are useful for detecting money laundering or other illegal conduct in any industry.

**Party is vague or illusive about source of funds for transaction or activity.
**Party provides information that is irrational or irregular for the business or industry regarding the end-use and end-destination of the funds.
**Party provides incomplete, false, or misleading business contact information.
**Party has large sums of cash or currency available for the transaction or business activity with no corresponding business that generates the high revenue stream.
**Party is located in, or regularly does financial dealings in, foreign country with strong public reputation for antimoney laundering, terrorist financing activities, or narcotics trafficking.
**Party seeks to redeem funds or “cash out” of fixed term financial instruments for illogical, non-economic reasons, and is unconcerned about related penalties, fees, and taxes.
**Due diligence reveals falsified information from party.
**Party refuses to certify or agree to compliance with applicable laws or your company policies.
**Party’s books and records are not accurately maintained, and large cash in-flows and out-flows are not reconcilable with account activity.
**Party seeks payment of proceeds in a foreign country account other than the location of the party’s business.
**Party is a senior political or foreign official who wants to open account in foreign official’s name, not for business entity.
**Party’s business structure is complex web of business entities with little apparent relationship to each other.
**Party is, or has been, the subject of law enforcement scrutiny for fraud, narcotics trafficking, arms trafficking, or organized crime activities.

Link

There is also an affirmative obligation for every business in America to ensure that it is not doing business with individuals or companies that are on a government list of suspected or proven terrorist financiers. Turning off security codes may be a violation of this section of the law as well.

rockmom on October 8, 2012 at 10:57 AM

For some reason, during this election cycle, the media is actually paying attention and doing its job.

Newsweek/Daily Beast? Did Anna Wintour forget to invite Tina Brown to that fundraising dinner?

Mr. Arkadin on October 8, 2012 at 10:51 AM

What makes you think that? Have you seen the MSM pick this up yet? I think the “major magazine/website” was Townhall and the rumor that Newsweek would be covering this was disinfo.

Fezzik on October 8, 2012 at 11:00 AM

I think Drudge was going to headline this and got a “Low Battery” warning on the siren…

hillsoftx on October 8, 2012 at 11:01 AM

There are so many scandals with the Obama administration that he should be toast. It should be a slam dunk for us. It scares me that he still has a good shot at winning.

Jack_Burton on October 8, 2012 at 11:02 AM

If nothing was done in 2008, why would anything be done now? I’m pretty sure his supporters think this is pretty slick.

Cindy Munford on October 8, 2012 at 11:03 AM

so the party who gave us Frank-Dodd and gobzillions of other regulatory brick walls can’t be bothered by a 3 digit code–got it.

hillsoftx on October 8, 2012 at 11:03 AM

There are so many scandals with the Obama administration that he should be toast. It should be a slam dunk for us. It scares me that he still has a good shot at winning.

Jack_Burton on October 8, 2012 at 11:02 AM

Yup , surreal. That’s how Chavez wins.

the_nile on October 8, 2012 at 11:03 AM

Obama garners votes similar to the way he garners “friends” on Facebook. Half are ficticious. There’s nobody behind the names, they’re only used as conduits for funnelling money to his campaign.

iamsaved on October 8, 2012 at 11:04 AM

Gay Manchurian President…has a ring to it…We need a movie script on this

workingclass artist on October 8, 2012 at 11:07 AM

I went to all three MSM sites, zero headlines about this.

Cindy Munford on October 8, 2012 at 11:08 AM

As they say in Chicago, “Money is money”.

As for ‘breaking the law’, when has this administration been concerned about that?

GarandFan on October 8, 2012 at 11:10 AM

If Obama and his staff knowingly accepted campaign contributions illegally, tben they would be committing a felony. No, Im not calling them felons, not at all. Im just sayin…

Philly on October 8, 2012 at 11:15 AM

Obama Campaign Lacks the Industry-Standard Level Of Credit Card Security For Donations, But Uses It For Merchandise Purchases:

Funny that. Kind of like asserting that requiring picture ID to vote is somehow racist and disenfranchising but requiring picture ID to buy cigarettes, alcohol, access to various government buildings like Eric Holder’s JustUs Department, and to fly is just okey-dokey and inconveniences no one.

AZfederalist on October 8, 2012 at 11:15 AM

I myself, a US citizen living in Shanghai, occasionally send donations to Republican campaigns from China. I’m pretty sure that’s not illegal.

DarkCurrent on October 8, 2012 at 10:46 AM

.

rockmom on October 8, 2012 at 10:57 AM

.
Any links on penalties for employees of the Chinese Ministry of Information falsely claiming to be citizens of the United States?

PolAgnostic on October 8, 2012 at 11:19 AM

This administration fights voter id laws. Why should they fight credit card id requirements. Totally consistent. Unfortunately.

COgirl on October 8, 2012 at 11:20 AM

I went to all three MSM sites, zero headlines about this.

Cindy Munford on October 8, 2012 at 11:08 AM

.
They are the same dolts just getting up to speed on Benghazi-gate and the fact the SCOAMF is not wearing any clothes.

Patience.

PolAgnostic on October 8, 2012 at 11:21 AM

PolAgnostic on October 8, 2012 at 11:21 AM

LOL! I guess they are still “authenticating” the report. I guess it will hit about Nov. 8th?

Cindy Munford on October 8, 2012 at 11:23 AM

***************** RED ALERT **************************

LIVE FEED

Video: Romney to deliver remarks on foreign policy in Virginia

http://www.breakingnews.com/

canopfor on October 8, 2012 at 11:27 AM

Roche is the chairman of a Chinese infomercial company, Acorn International, with ties to state-controlled banks that allow it to “gain revenue through credit card transactions with Chinese banks.

Acorn?! Seriously?! That’s one hell of a coincidence.

Caiwyn on October 8, 2012 at 11:48 AM

腐败

Bmore on October 8, 2012 at 11:53 AM

After 2008, why didn’t republicans in congress make sure that this was made completely illegal by sneaking it in anywhere. This is why republicrats are useless – they see demonrats do something illegal, and then they make no move to block it later. Pathetic.

deadite on October 8, 2012 at 10:10 AM

How exactly could the Republicans have stopped this if they only controlled the House? For two years? Legislation that starts in the House usually heads over to the Senate for their vote. D you really think that Harry Reid (D-Mob Lawyer) would have allowed something like this to come to a vote? I know it’s fun to rag on Republicans out of frustration, but come on. They haven’t exactly been holding a magic wand for the last four years.

joejm65 on October 8, 2012 at 11:55 AM

Or any of these will work.

corruption 腐败, 贪污, 放荡
decay 衰变, 腐烂, 腐败, 腓
putrefaction 腐败, 腐败物
decomposition 分解, 腐败
depravity 腐败, 放荡
putridity 腐败, 腐烂, 腐化
canker 溃疡, 腐败
putrescence 坏死, 腐烂, 腐败
staleness 泄气, 腐败
lepra 腐败
leprosy 麻风, 麻风病, 麻, 腐败, 寒生氏病
putridness 腐化, 腐败, 腐烂

Bmore on October 8, 2012 at 11:55 AM

LOL! I guess they are still “authenticating” the report. I guess it will hit about Nov. 8th?

Cindy Munford on October 8, 2012 at 11:23 AM
.
If I recall correctly (been clicking around a lot this morning), ABC News is going after the “pulling of security personnel” story pretty aggressively today – which is in good time for Wednesday’s hearing.

The other thing to remember about this donor story is it has the ability to hit on the Congressional level too.

This offer opportunities to lots of local media coverage which can act as a “force multiplier” when the cockroaches start scurrying for dark corners.

PolAgnostic on October 8, 2012 at 12:04 PM

This is bad, but the Republicans aren’t going to do anything about it.

Doomberg on October 8, 2012 at 10:18 AM

Correct. How many people know that Venezuela has missiles that pose a threat to America which can be tracked back to Bill Clinton’s approval of secret technology sent to the Chinese through through Lorel Industries in exchange for campaign contributions. Bernard Schwartz, a major Clinton donor, was CEO of Lorel.

No one cared then. No one cares now.

rrpjr on October 8, 2012 at 12:07 PM

Wow, puts a new spin on Romney’s ad about the cheating in China, huh?

Daisy_WI on October 8, 2012 at 12:14 PM

After 2008, why didn’t republicans in congress make sure that this was made completely illegal by sneaking it in anywhere.

deadite on October 8, 2012 at 10:10 AM

1) The Republicans didn’t control congress in 2008, so couldn’t have passed anything on this.

2) There was no need for anybody to pass anything on this, it already is completely illegal.

Trafalgar on October 8, 2012 at 12:23 PM

Wow, puts a new spin on Romney’s ad about the cheating in China, huh?

Daisy_WI on October 8, 2012 at 12:14 PM

This is huge!

Somebody – supposedly an American citizen living in China but much more likely the Chinese Ministry of Information falsely claiming to be an American citizen – set up a web site that redirects potential donors to Obama’s campaign donation page.

Everyone knows that all eligible American voters are located inside the US. This reeks to high heaven.

DarkCurrent on October 8, 2012 at 12:28 PM

Comment pages: 1 2