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U.S.: Hillary Fundraiser Used Position to Scam $20 Million

December 04, 2007 1:56 PM

Ushillaryfund_mn One of Sen. Hillary Clinton's major fundraisers, Norman Hsu, used his position in the campaign to help carry out a $20 million Ponzi-like fraud scheme, federal prosecutors said today.

"Hsu allegedly made direct and implied threats to these victims, leading them to believe that their failure to make the required political contributions would adversely impact their ongoing relationship" with Hsu's investment company, U.S. attorney Michael J. Garcia said.

Hsu was indicted by a federal grand jury for carrying out "a massive scheme that defrauded investors across the United States." He was also charged with violating Federal Election Campaign laws. Prosecutors say Hsu used others, essentially as fronts, to make contributions for him, and he then reimbursed them.

Sen. Clinton, D-N.Y., distanced herself earlier this year from Hsu when it was revealed he was a fugitive from justice from a fraud conviction in California. Since 2004, Hsu personally contributed at least $600,000 to Democrats under his own name.

He is currently in custody in California.

Read the indictment against Hsu.

December 4, 2007 | Permalink | User Comments (33)

User Comments

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I wonder if HSU ever got a night in the Lincoln bedroom? Good thing the Police got him before the Clintons did. The guy looks like a chinese spy!I think that brings us up to date!

Posted by: GM | Dec 4, 2007 2:16:15 PM

This is all Hsu's doing. Hillary and Obama recieved donations from Hsu. They knew nothing of his fundraising antics. When Hillary found out what Hsu did...she gave Hsu's $23,000 donation to a charity...Iraq War Veterans. She was noble for doing that. It's Rudy Giuliani's affair on tax payers money that everyone should be angry at.

Posted by: mcmargie | Dec 4, 2007 2:20:07 PM

let me guess.........Bushes fault, right neolibs?

Posted by: whatthe? | Dec 4, 2007 2:29:46 PM

This not the first time that an illegal
fundraising Asian connection has been involved in a Clinton campaign. In Bill
Clinton's campagin, three (3) Asian men
were indicted for the same thing! Shouldn't the Clintons learned this lesson the first time? One has to wonder if they in fact knew what was going on and depended on a "it couldn't
possibly happen a second time" train of
thought, to risk be part of this kind of illegal fundraising, as a willing recipient! For my part, where there is
smoke, there is fire. If Hillary cannot assure that her campaign is free of all illegalities, how can we expect her White House cabinet be any different than George Bush's...wrapped in illegalities!

Posted by: S. Griffin | Dec 4, 2007 2:51:28 PM

Hillary has had no part of this guy for some time.
This is NOT a mark on Hillary Clinton.
The Republicans have done far worse than even this scam artist, Norman Hsu.
Just look at Rudy, Larry "Toilet Stall" Craig, and many other awful Republicans.
Almost every Republican is bad.
Ronald Reagan must be turning over in his grave because of what his party has become.

George

Posted by: George Vreeland Hill | Dec 4, 2007 3:03:42 PM

Impeach Bush NOW!

Posted by: Silly Me | Dec 4, 2007 3:07:40 PM

Hillary should get Hsu pardoned by her husband.Is it too late ? This is true picture of Clintons & Democrats.MA-Chicago

Posted by: MAlam | Dec 4, 2007 3:11:45 PM

I love it Hillary fund raiser? You mean he never raised money for anyone other than Hillary Clinton????? Kudos ABC for the Xo-up Article heading!

Posted by: BronxBoy7117 | Dec 4, 2007 3:16:47 PM

This guy's a rank amateur next to Bush Jr's biggest money supporter...the one he denied knowing, but called "Kenny-Boy" and let write US energy policy in those secret meetings down in Cheney's bunker. Stealing billions while destroying tens of thousands of people's lives...Enron and "Kenny-Boy" Lay are still the all-time world champion slime.

Posted by: wilder5121 | Dec 4, 2007 3:25:14 PM

Sounds just like a Clinton

Posted by: Bill Hicks | Dec 4, 2007 3:33:23 PM

WELLLL any takers here? be carefull what you type. You will most likley be dropped or edited out because its about her friends.

Posted by: Jim Rod | Dec 4, 2007 3:44:32 PM

I recall that in '98 Hill and Bill were taking money from Torrance businessman Johnny chung,who had ties to the People's Liberation Army,but nothing came of it.If your name is Clinton or Bush,you can do whatever you please.Nobody will hold you to account.Brian Ross would be a good candidate to look into all the ghosts and skeletons that these two corrupt dynasties have on the political machinery in Washington and elsewhere.

Posted by: Luis Rodriguez | Dec 4, 2007 3:44:49 PM

No surprise about Mr. Hsu...Has anyone ever noticed Hillery and Bill always seem
to have some connection to the Chinese??
Hillery is BUSH in disguise.

Posted by: Bob | Dec 4, 2007 3:50:16 PM

The DemoLibs are immune from scandal and are protected by their "friends in the media". Hillary is waist deep in fundraising scandal but she is well protected by the lib media.

Posted by: Bill | Dec 4, 2007 4:13:33 PM

And the -S-L-I-C-K- -W-I-L-L-A-R-Y- plot thickens...... heheheheh....

Posted by: FidoNY | Dec 4, 2007 7:14:55 PM

This guy was big time Hillary donor and fundraising organizer. I would have been surprised if the Clinton campaign was not aware of his shady dealings. The wheels are really coming off the Hillary express!

Posted by: bob | Dec 4, 2007 8:43:01 PM

Get a clue people. No matter which side of the political coin they are on. They ALL are as cooked as can be. It really doesn't take a rocket scientist see this.

Posted by: Brenda | Dec 4, 2007 11:21:51 PM

Does anyone out there really think that in today's America there are any up front and honest U.S. government candidates that really want to look out for the American citizen? Give me a break.... they all have hidden, dark and dishonest agendas. This type of scandal is typical of U.S. politicians but some just hide it better than others, which brings me to question the intelligence of the Clinton's.

Posted by: BWH | Dec 5, 2007 7:43:17 AM

This IS a mark on Clinton. The only reason she so-called gave the money back or donated it, was because she noticed that was the first straw in a line that's going to break the camel's back. The second reason she "gave" the money back was to steer attention away from her and all her and Bill's other "Crooked" deals. She's involved with this guy Hsu up to her fat neck! She's going down hard and I hope she falls on her head. Her and her lousy husband don't even deserve to be called american anymore!

Posted by: joe nunya | Dec 5, 2007 7:44:05 AM

Ok, let's face it, this is just another scandal that the Clinton's will respond to as an unfortunate event. Poor Hillary, poor Monica, poor Bill and his brother. I like the fact that the Dems supporting global warming have said nothing about the worry at the airport hosting the UN Meeting are worried about all of the private jets! So much for controlling our carbon footprint. Sorry, need to go alone in my OWN jet! Wouldn't we all be so fortunate!!

Posted by: e | Dec 5, 2007 6:14:38 PM

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