Does $375,000 sound like a lot of money to you?
I’m willing to bet that’s more than most of the houses cost of the people reading this article! It is for me!
Imagine having to write a check for that amount because you were fined for campaign finance violations?
But that’s what happened to Obama.
Even confirmed by Snopes (which I only reference to say EVEN THEY admit it).
President Trump has long compared the witch hunt against him to the actual violations arising to a $375,000 penalty paid by Obama’s campaign:
Here's more on the details, from Politico:
President Barack Obama’s 2008 campaign was fined $375,000 by the Federal Election Commission for campaign reporting violations — one of the largest fees ever levied against a presidential campaign, POLITICO has learned.
The fine — laid out in detail in FEC documents that have yet to be made public — arose from an audit of the campaign, which was published in April. POLITICO obtained a copy of the conciliation agreement detailing the fine, which was sent to Sean Cairncross, the chief lawyer for the Republican National Committee, one of the groups that filed complaints about the campaign’s FEC reporting from 2008.
"$375,000 is a huge fine,” said Republican election lawyer Jason Torchinsky. “It may one of their top five- or 10-largest fines.”
But he added, “They’re also the first billion-dollar presidential campaign. Proportionally, it’s not out of line.”
FEC officials declined to comment on the fee or the existence of the agreement. But for context, failed Republican presidential nominee Bob Dole set a record for FEC fines on his 1996 campaign when he paid $100,000 two years later.
“At the time, the 2008 campaign was record breaking, with over 3 million grass-roots donors,” Obama campaign spokewoman Katie Hogan said. “The very few outstanding questions about the $750 million that was raised have now all been resolved.”
The major sticking point for the FEC appeared to be a series of missing 48-hour notices for nearly 1,300 contributions totaling more than $1.8 million — an issue that lawyers familiar with the commission’s work say the FEC takes seriously. The notices must be filed on contributions of $1,000 or more that are received within the 20-day window of Election Day.
And don't forget when Obama's 2008 campaign was audited, also from Politico:
President Barack Obama’s 2008 presidential campaign failed to properly report about $2 million worth of last-minute campaign contributions, according to a new Federal Election Commission audit.
The Obama for America campaign committee didn’t file mandatory notices for about 1,300 contributions received just prior to the 2008 presidential election, says the auditreport released Thursday. Campaign finance laws require candidates to file notices within 48 hours of contributions of $1,000 or more received less than 20 days before the election.
Most of the missing 48-hour notices came from a transfer on Oct. 24, 2008, from the Obama Victory Fund, a joint fundraising committee of the Obama campaign and the Democratic National Committee, the FEC found. The campaign did report the contributions, but not within the 48-hour time frame, according to the audit.
“The FEC conducted a routine review of the 2008 campaign as it did with the McCain campaign and many others,” said Obama campaign spokesman Ben LaBolt. “And out of the more than $750 million raised from more than 4 million Americans, it found one reporting issue involving a fraction of those contributions.”
The campaign did not respond to inquiries from the FEC about whether the problem may have been caused by the campaign’s data processing vendor, the audit says. It also did not respond to the findings of an interim audit report on the matter.
At this point, the FEC has not penalized Obama for America for the transgressions, although the report states the commission reserves the right to “initiative an enforcement action, at a later time.” The campaign could face fines or other penalties from the commission.
The FEC voted 6-0 earlier this month to approve the final audit report.
You can read the actual Conciliation Agreement here, detailling the settlement details and fine payment.
The #1 Bestselling Business Book of All Time:
And from the Political Insider:
Paul Manafort and Michael Cohen plead guilty yesterday to charges completely unrelated to the Robert Mueller Special Counsel’s stated mission of investigating alleged Russian collusion with the Trump campaign. While liberals are celebrating, they seem completely unaware that this further proves the Russia investigation is one big hoax.
Manafort’s charges stem from his past shady business dealings, and the “damning” revelation from Michael Cohen in his guilty plea has to do with Stormy Daniels, not Russia. Cohen pleaded guilty to eight counts — two of which were campaign finance violations involving hush money for women alleging they had extramarital affairs with Trump. Believing the allegations would be damaging to Trump’s campaign, Cohen stated in court that he made the illegal campaign contributions “in coordination and at the direction of a candidate for federal office.”
Bad news for Cohen – but in the words of the liberal Harvard lawyer Alan Dershowitz, it’s not nearly as bad as it looks. “Remember as Judge Ellis said it when they squeeze people like Manafort or Cohen, they squeeze them not only to sing but sometimes to compose and it’s very easy to embellish a story. All he has to do then is say, ‘And the president directed me to do it.’ That’s the kind of embellishment that people put on a story when they want to avoid dying in prison. When the prosecutor says to them, ‘You have two choices. You’ll die in prison, or you can give me a story that I can use to go and get the president.'”
And as President Trump reminded his audience on Twitter last night, Barack Obama too had some campaign finance troubles.
While known for his use of hyperbole, Trump was actually understating how “big” Obama’s campaign violation was. As Politico reported back in 2013, “President Barack Obama’s 2008 campaign was fined $375,000 by the Federal Election Commission for campaign reporting violations — one of the largest fees ever levied against a presidential campaign.” Prior to that, Bob Dole set a record for FEC fines from his 1996 presidential campaign, paying $100,000.