Archive for Wednesday, December 5, 2007

Democratic fundraiser Norman Hsu indicted

December 5, 2007

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— A federal grand jury on Tuesday indicted a top Democratic fundraiser accused of cheating investors of at least $20 million and using some of the money for illegal donations to political candidates such as Hillary Rodham Clinton.

In the 15-count indictment, the government accused Norman Hsu, a 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 returned.

Federal prosecutors said Hsu hoped his lavish campaign contributions would help draw money to his scheme by raising his public profile. To achieve his aims, prosecutors said, Hsu pressured many of his victims to contribute thousands of dollars to various candidates for president and Congress.

Hsu's work on Clinton's behalf has been an embarrassment for her presidential campaign, which has returned more than $800,000 to donors whose contributions were linked to him.

Comments

jmadison 7 years, 5 months ago

The government wants Hsu to give up a saxophone autographed by a former president, to satisfy some of the fraudulent activities that he did.

bearded_gnome 7 years, 5 months ago

The government wants Hsu to give up a saxophone autographed by a former president, to satisfy some of the fraudulent activities that he did.

didn't know Ford was into the saxophone [grin].


article only mentions sHrillary twice, kinda soft plays ties to her...media bias? if this had been a fundraiser tied to rudyG or even DuncanH, you know it would be being shouted from the housetops instead of a sedate little story like this.

staff04 7 years, 5 months ago

gnome, words referencing Hillary make up 2.4% of this article. Jeesus, it's only 163 words...what would have been more appropriate, pray tell?

This rewrite ups the number to over 5%...whaddya think?


A federal grand jury on Tuesday indicted a top Democratic fundraiser accused of cheating investors of at least $20 million and using some of the money for illegal donations to political candidates such as Hillary Rodham Clinton. In the 15-count Hillary, the government accused Norman Hsu, a 56-year-old clothing-industry entrepreneur, of duping investors nationwide with a massive Ponzi scheme. The government said Hsu also Hillaryed federal campaign-finance laws by making contributions to various Hillary candidates in the names of others. A message left with a lawyer for Hsu was not returned. Federal prosecutors said Hsu hoped his lavish campaign contributions would help draw money to his scheme by raising his public Hillary. To achieve his aims, prosecutors said, Hsu pressured many of his victims to Hillary thousands of dollars to various candidates for president and Congress. Hsu's work on Clinton's behalf has been an embarrassment for her presidential campaign, which has returned more than $800,000 to donors whose contributions were linked to him.


See how stupid you sound with your obsession?

staff04 7 years, 5 months ago

Oh, and not to mention that the article is about Hsu*

bearded_gnome 7 years, 5 months ago

staff, I did laugh at your rewrite. but my contention still holds, a sedate little story, vs. the high dudgeon that would be raised if he had ties to a republican candidate.


deadender...whatsa matter, did I strike a rather sensitive nerve...perhaps the only functional nerve? oooooh, sorry...not.

bearded_gnome 7 years, 5 months ago

PA is correct to ref Marc rich. only the new media brought to light that he had effectively purchased a pardon from Bill Clinton in the last days of clintonia. the mainstream/dino media didn't cover that. again, the media double standard. highlighted by Aggie's own post. yes, ken lay was a criminal, but so was marc rich and Hsu. look how differently they are treated in the press. there's even been some media sympathy expressed for Hsu, but God forbid any sympathy was expressed for Ken Lay et al.
thanks Aggie, you just made my point for me, as you so often do. and btw, in another thread you called me a fascist, which only highlights your desperation and your antichristian biggotry, thanks again, you keep proving my points by your very existence. so very helpul you are.

bearded_gnome 7 years, 5 months ago

aggie, once again, you completely miss the point. I didlike in your last point you admit there's a "hillary scheme" that's very broad minded of you...pun intended.

beatrice 7 years, 5 months ago

Since he wanted to give the money to Hillary, at least his heart was in the right place.

Yes, that was a joke. Bad people doing bad things to make money. Since it was Hsu, why should the story be all about Hillary just because he supports her? Does this mean every story about Pat Robertson must now and forever more be about Rudy?

For anybody who actually believes in the falacy of the "liberal media," I have two words for you: Rupert Murdoch

Murdoch is a starch conservative, and, according to Businessweek, "his satellites deliver TV programs in five continents, all but dominating Britain, Italy, and wide swaths of Asia and the Middle East. He publishes 175 newspapers, including the New York Post and The Times of London. In the U.S., he owns the Twentieth Century Fox Studio, Fox Network, and 35 TV stations that reach more than 40% of the country...His cable channels include fast-growing Fox News, and 19 regional sports channels. In all, as many as one in five American homes at any given time will be tuned into a show News Corp. either produced or delivered."

That doesn't quite fit with the idea of a "liberal" media, now does it. Anyone who continues to make such a claim despite these facts is either a fool or a liar. Or, as we often see around here, both.

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