Obamas Prepaid Untraceable Credit Cards for Foreign Donors: Had 9/11 Hijackers Used Prepaid Credit Cards No Footprints Available

Last week we heard a report was looming on how the Obama campaign has methods to allow illegal contributions from abroad (both 2008 and 2012). Today we know that group is the Government Accountability Institute (GAI). Along with failing to use the credit card address verification system (AVS), the Obama campaign also fails to use the credit card verification system (CCV) which is the three digit number on the back of the card. But a bigger scandal is the “untraceable prepaid credit cards “that could potentially be used to evade limits on how much an individual is legally allowed to give and to mask a contributor’s identity.” According to the US Treasury, had 9/11/01 hijackers used prepaid credit cards, we wouldn’t know the who, what and when of the 2001 terrorist attack on this country.

Untraceable Prepaid Credit Cards

OpenChannel NBCNews:

“The 9/11 hijackers opened U.S. bank accounts, had face-to-face dealings with bank employees, signed signature cards and received wire transfers, all of which left financial footprints. Law enforcement was able to follow the trail, identify the hijackers and trace them back to their terror cells and confederates abroad.”

That’s from a Treasury Department assessment of financial security threats in 2005. It went on to warn that the terrorists could have quietly moved large sums of money into or out of the U.S.:

“Had the 9/11 terrorists used prepaid … cards to cover their expenses, none of these financial footprints would have been available.”

Pullout Quote from Daily Caller (below):

In addition to soliciting foreigners for donations, the Obama campaign has chosen not to employ industry-standard safeguards against collecting unlawful foreign donations via its social media and online process, the GAI report says.

About 20 percent of visitors to the “my.barackobama.com” social media website “originated from foreign locations,” the report found. That Web address is owned and controlled by the Obama re-election campaign.

Daily Caller (read the comprehensive report here – this is only a snippet – Page 3 particularly interesting):

“At no point during the [website’s] subscription process is a visitor asked whether he or she can legally donate to a U.S. election,” GAI notes…

Federal law prohibits ”a foreign national, directly or indirectly,” from making “a contribution or donation of money or other thing of value … in connection with a Federal, State, or local election. The same section of law makes it a federal crime to “solicit, accept, or receive” such campaign contributions.

GAI’s report explores fundraising practices that directly contradict the president’s 2010 insistence that American elections shouldn’t be funded by foreign powers.

“I don’t think American elections should be bankrolled by America’s most powerful interests, or worse, by foreign entities,” Obama said then.

GAI cites examples comprising what it calls “but a sample” of a large trend of Obama’s campaign soliciting foreign nationals for campaign donations. Those examples focus on foreign bloggers posting fundraising-request emails from the Obama campaign.

The group identified such Obama fundraising solicitations sent to Chinese, Azerbaijani, Vietnamese, Dutch, Italian, Japanese, Norwegian and Egyptian bloggers…

In addition to soliciting foreigners for donations, the Obama campaign has chosen not to employ industry-standard safeguards against collecting unlawful foreign donations via its social media and online process, the GAI report says…

Obama for America does not require online credit card donors to input Card Verification Value data to confirm that a political donor is legally authorized to charge contributions to a given credit card. GAI said CVV data consists of “a three or four digit number generally imprinted on the back of the card” in order “to verify that the person executing the purchase physically possesses the card.”

GAI notes that the Obama campaign’s failure to use such security measures in its online donation system likely costs it “millions of dollars in additional fees” because “card processors charge higher transaction fees for campaigns that fail to use the CVV.”

The group estimates that Obama’s 2008 campaign, which raised over $500 million, likely “paid at least an additional $7.25 million in fees to the banks that it could have avoided if it were to have used the CVV,” assuming the campaign paid typical rates for processing credit card transactions.

I demonstrated how the Obama campaign does not ask for credit card verification by going through the campaign’s form myself. See more indepth info on this unfolding information here, including snapshots of the differences in the forms used by the Obama and Romney campaigns.

Linked at BadBluethe baddest news on the planet – read it here.