Tuesday, December 04, 2007

Hillary's Cash Cow Norman Hsu Indicted

(New York City) Called the "Hillraiser" for his donations to Democrats on Capitol Hill, in particular Hillary Clinton, top fundraiser Norman Hsu has been accused of defrauding investors in massive Ponzi scheme. Good and it's about time.
A federal grand jury on Tuesday indicted Norman Hsu, a top Democratic fundraiser accused of cheating investors of at least $60 million and using some of the money to to make illegal donations to political campaigns.

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.
If history is an indicator, the Clintons will throw him under a bus not recall ever meeting Norman Hsu.

No comments:

Home

eXTReMe Tracker