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Hsu Pleads Guilty To Wire And Mail Fraud

From the New York Post:



May 7, 2009

A disgraced Democratic fundraiser pleaded guilty in Manhattan today to 10 counts of wire and mail fraud.

Norman Hsu, 58, was indicted in 2007 on charges of cheating investors out of $20 million in what federal prosecutors claimed was a massive Ponzi scheme and a violation of the Federal Election Campaign Act.

His trial was scheduled to start on Monday in Manhattan federal court.

The feds also claimed Hsu made illegal donations to politicians, including former presidential candidate Hillary Rodham Clinton.

Her senate campaign later returned a whopping $850,000 linked to Hsu donors.

Federal Election Commission records show Hsu alone donated $260,000 to Democratic Party groups and candidates since 2004.

Federal prosecutors said Hsu, who has been in jail since he was arrested, pressured his victims to contribute to political candidates as a way to raise his public profile.

Funny how Mr. Hsu disappeared from the media’s radar throughout the campaign.

Lest we forget, he also raised money for Mr. Obama. More bizarrely, he even blamed Obama for his attempted suicide.

But little was made of that claim or of him, after a few days.

He wasn’t a Republican, so there was really no there there.

This article was posted by Steve on Thursday, May 7th, 2009. Comments are currently closed.

2 Responses to “Hsu Pleads Guilty To Wire And Mail Fraud”

  1. Liberals Demise says:

    Now….let us move on to His Majesty and the illegal activities in his funds. Had this been a Republican…….blood would be smeared on our TV screens every day.

  2. proreason says:

    A One of thousands of disgracedful Democratic fundraisers”

    I took the liberty to fix a little error in the reporter’s text, Steve.

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