Democratic Fundraiser Norman Hsu Indicted In NY

Source: Associated Press

NEW YORK (AP) ― A federal grand jury on Tuesday indicted Norman Hsu, a top Democratic fundraiser 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.

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.

Federal prosecutors said Hsu hoped his lavish contributions to campaigns would raise his public profile and convince more people to invest in his fraudulent financial scheme. To achieve his aims, prosecutors said, Hsu pressured many of his victims to contribute thousands of dollars to various candidates for president and Congress.



Read more: http://cbs3.com/topstories/norman.hsu.indicted.2.602206.html

Didn't think so.

If you are going to defraud investors, contribute to republicans. Maybe Hsu was taking the contrarian view: all republicans are crooks-contributing to a republican means you are a crook-stay under the radar-contribute to democrats.

Did any top level or mid-level Dem even know this guy? It's not like he was friends with any candidate or their campaigns, is it? Did they make speeches thanking him for his work? Did they seat him behind any Dem during a major speech? THAT'S the difference. The Repugs are so inter-connected with guys like this. They are life-long friends with guys like this. They hire guys like this, knowing their backgrounds, for important positions. They are loyal to them up to the time, and sometimes even after, their crimes are made public. THAT'S the difference.

edit: By the way, anyone know how the crazies on the right are reacting to this news? I haven't heard any screaming.

The chair of New Hampshire's Democratic State Committee, Ray Buckley, has milked this creep for money several times over the last few years. he was the largest individual contributor to former Manchester Mayor Bob Baines.