(ABC NEWS) A conservative political watchdog group is raising the prospect of an “illegal-donor loophole” in the nation’s campaign finance system, and suggesting the grassroots-donor-heavy Obama Campaign may stand to benefit.

In a 109-page report published at a new website CampaignFundingRisks.com, the Government Accountability Institute alleges the current online campaign contribution system lacks accountability and transparency, making it highly susceptible to foreign and fraudulent gifts.

The report’s focus is President Obama’s re-election campaign, which has collected historic sums from online fundraising, relying predominantly on donors who give in small-dollar increments.

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