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December 5, 2007
The other Hsu Drops
Hillary Clinton fundraiser and major league con man Norman Hsu has been indicted in New York:
A federal grand jury on Tuesday indicted Norman Hsu, a top Democratic fundraiser and former fugitive 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. Hsu has been charged with 6 counts of mail fraud, 6 counts of wire fraud, and 3 counts of violating FEC laws.
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. A message left with a lawyer for Hsu was not immediately returned.
Will he sing in exchange for a lighter sentence? I'll bet there are more than a few Democrats sweating out that question as we move toward trial.