Hillary’s Fundraiser Hsu Indicted On Federal Fraud Charges
Feds nailing Runaround Hsu. Hillary involved with more shady people and shady deals and just plain shady shade. Allegations of Ponzi schemes, donating under different names, etc etc etc…I always wondered what really motivated this guy? There has to be some payoff…
Speculations welcomed…
How many people connected to the Clintons have ended up indicted or dead? No foil hat here, just a question.
From FoxNews.com:
NEW YORK — A federal grand jury on Tuesday indicted Norman Hsu, a top Democratic fundraiser accused of cheating investors of at least $20 million and using some of the money to make illegal donations to political candidates including Hillary Rodham Clinton.
In the 15-count indictment returned in U.S. District Court in Manhattan, the government accused the 56-year-old clothing-industry entrepreneur of duping investors nationwide with a massive Ponzi scheme.
The government said Hsu also violated federal campaign finance laws by making contributions to various political candidates in the names of others.
Federal prosecutors said Hsu hoped his lavish contributions to campaigns would raise his public profile and convince more people to invest in his fraudulent financial scheme. To achieve his aims, prosecutors said, Hsu pressured many of his victims to contribute thousands of dollars to various candidates for president and Congress.
The indictment said Hsu from 2000 through August 2007 convinced his victims to invest at least $60 million in companies that supposedly extended short-term financing to businesses.
It said Hsu used the money instead to further his fraudulent aims, sometimes paying the large interest gains he had promised to those who had invested earliest in the scheme. Prosecutors said he eventually cheated the investors out of at least $20 million.
He faces six counts of mail fraud, six counts of wire fraud and three counts of violating the Federal Election Campaign Act.
If convicted, he faces a maximum penalty of 20 years in prison on each of the mail and wire fraud charges, and five years on each of the federal campaign finance charges. He also could face millions of dollars in fines.
Hsu is in custody in California on unrelated charges and was expected to appear in federal court in Manhattan in several weeks, prosecutors said.
A message left with a lawyer for Hsu was not immediately returned.
Be respectful of others and their opinions. Inflammatory remarks and inane leftist drivel will be deleted. It ain’t about free speech, remember you’re in a private domain. My website, my prerogative.
If you can't handle using your real email address, don't bother posting a comment.
And her thighness wants to provide my national security, health care and every other thing her socialist brain can concieve? I don’t think so. I would be better off depending on Nurse Ratched.
What in the hell must it feel like to know you’re political base consists entirely of a bunch of crazy moonbats from flare man to this crazy Hillraiser? It certainly makes sense why Shrillary lives in a world of willing suspension of disbelief. Reality must suck for her.
December 4th, 2007 at 1:19 pmHope little Norman squeals like a kung pao chicken, and all the clintonistas assume the position for a new understanding of Hung lo Pork.
December 4th, 2007 at 2:26 pm