The Motley Fool Discussion Boards
Retirement Discussions / Retire Early CampFIRE
|Subject: How Much Of 181 Million Was illegal?||Date: 10/9/2012 10:43 AM|
|Author: 2828||Number: 647840 of 852639|
GAI found that Obama's donation page doesn't use any industry-standard credit card security measures. It doesn't even use the basic Card Verification Value (CVV), the security number on the back of a card, that most other campaigns use. Not using this basic security measure makes it much easier for phantom donations or even foreigners to contribute illegally to the Obama campaign.
In 2008, persons named "Doodad Pro", "Test Person" and "Good Will," for example, made donations to the Obama campaign. "Doodad Pro" made an amazing 791 separate donations to the campaign, totaling almost $20k -- far above the donation limits. Some of this came to light four years ago, yet the campaign hasn't put in place any kind of security measures.
It isn't an oversight but a conscious decision to not use CVV security. In fact, credit card companies charge the campaign higher fees because it doesn't use this. So, the campaign is paying millions of dollars more in fees than it would not to have basic security.
Tellingly, the Obama campaign does use CVV security in its merchandise store. They utilize higher standards of security to purchase a coffee mug than making an on-line donation. Thus, the campaign has chosen to use two different payment systems on its site. Odd, eh?
What's funny is they'll come out later for campaign finance reform and everyone will say gee that's awesome.
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|