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Hillary Clinton To Return $850,000 Raised By Hsu

From an incensed Associated Press:

Clinton to return $850,000 raised by Hsu

By LARA JAKES JORDAN, Associated Press Writer WASHINGTON – Sen. Hillary Rodham Clinton’s presidential campaign said Monday it will return $850,000 in donations raised by Democratic fundraiser Norman Hsu, who is under federal investigation for allegedly violating election laws…

The FBI is investigating whether Hsu paid so-called straw donors to send campaign contributions to Clinton and other candidates, a law enforcement official said Monday.

“In light of recent events and allegations that Mr. Norman Hsu engaged in an illegal investment scheme, we have decided out of an abundance of caution to return the money he raised for our campaign,” Clinton spokesman Howard Wolfson said in a statement Monday night. “An estimated 260 donors this week will receive refunds totaling approximately $850,000 from the campaign.” …

The amount that the campaign identified as raised by Hsu would make him one of her top fundraisers

Federal authorities are looking into whether Hsu leaned on investors to contribute to political candidates after paying them big earnings from a shady business venture he was running, the law enforcement official said. Such a scam — using conduit contributors known as straw donors — is a violation of the Federal Election Campaign Act, which limits how much money individuals can give to candidates and political committees.

The FBI may be looking at other potential charges as well, according to the law enforcement official who spoke on condition of anonymity because of the ongoing investigation…

The purpose of Hsu’s business venture was unclear. The Los Angeles Times reported Monday that it was an investment pool that had recently drawn the suspicion of associates who questioned its legality…

This is nice, of course. And it indicates that the Clinton camp is very nervous about what the FBI will.

But $850,000 is probably just a drop in the bucket as to what they and the rest of the DNC have collected illegally, year in and year out.

And what about those years past? Will Mr. John Kerry give his money back?

What about the “matching funds” which were supplied by the US taxpayer? 

This article was posted by Steve on Monday, September 10th, 2007. Comments are currently closed.

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