Newsmax reported last week that Sen. Barack Obama’s campaign has collected “the largest pool of unidentified money that has ever flooded into the U.S. election system, before or after the McCain-Feingold campaign finance reforms of 2002.”

Federal Election Commission data show that some $222 million of the cash Obama has collected came in the form of contributions of $200 or less, with the Democratic nominee’s campaign identifying the donors of less than $40 million of that sum.

Campaigns may accept donations of less than $200 without providing the donors’ names and addresses in campaign finance reports, but Sen. John McCain’s camp has made its full donor database available on the Internet. Independent campaign finance watchdog organizations have asked the Obama campaign to list all its donors, as well, but it’s refused. What is Obama hiding?

The Republican National Committee is making the most of this disclosure gap, filing a complaint with the FEC, demanding that it investigate the sources of Obama’s thousands of unknown donors and look into possible illegal foreign donations.

Major media have jumped on the story, with Newsweek noting that FEC auditors ordered Obama’s campaign to return large amounts from sources with fake names. One phony was “Good Will,” who listed “Loving” as his employer and “You” as his job. The address given was found to be that of the Austin-based nonprofit Goodwill Industries, which informed the Obama campaign last month that its name was apparently being used fraudulently.

Another made-up name: “Doodad Pro.” His listed address is a Nunda, N.Y., liquor store next to the now-closed Doodad Boutique.

More disturbing was $33,000 paid for Obama campaign T-shirts by two Palestinian brothers from Gaza who listed “Ga.” as their address, which the campaign took to be the state of Georgia. The purchase is considered a campaign donation.

This week, CBS News discovered two Obama contributors who gave $7,722 using fake identities, “Dahsudhu Hdusahfd of Df, Hawaii,” employed by “CZXVC/ZXVZXV” and “Uadhshgu Hduadh of Dhff, Fla.,” who works for “DASADA/SAFASE.”

The Newsmax report noted a separate FEC database of more than 11,500 overseas contributions to Obama totaling $33.8 million, with more than 520 listing their locations as “IR,” a possible abbreviation for Iran. (The Associated Press noted that “In FEC reports, the designation ‘IR’ typically stands for ‘information requested’ because the donor did not supply it.”)

Sixty-three listings had “UK” as the donor’s location. Other locales apparently providing money for Obama included Abu Dhabi, Addis Ababa, Beijing and Fallujah, as well as France and Italy.

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