Michael Reagan and me on the USS Ronald Reagan (CVN-76)

Tuesday, December 4, 2007

Democratic Fundraiser Norman Hsu Indicted on Federal Fraud Charges

A federal grand jury on Tuesday (12/03/07) 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.

(I wonder how long it is going to be before this guy dies from Arkansas Sudden Death Syndrome)

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.

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Well, that just about sums it up!