Tuesday, December 04, 2007

Hillary bundler Hsu fits into indictment

This bad news is not what Hillary Clinton needs now. However, if you want more bad news about HRC, click on one of the related posts about the International Profit Associates.

From Reuters:

Democratic fundraiser Norman Hsu was charged on Tuesday with fraud and campaign finance violations for swindling investors out of at least $20 million and making illegal donations to U.S. political campaigns.

The 15-count indictment expands upon charges filed in September, in a case that prompted Democratic presidential hopeful Hillary Clinton to return $850,000 in contributions.

Hsu's lawyer did not immediately return a request for comment.

U.S. Attorney Michael Garcia in Manhattan accused Hsu of engineering a $60 million Ponzi scheme. The indictment charges Hsu with six counts of mail fraud, six counts of wire fraud and three counts of violating the Federal Election Campaign Act, which limits individual campaign contributions.

Hsu hoped his aggressive fund raising for Senator Clinton would raise his public profile. He succeeded.

Related posts:

More on International Profit Associates

Where is the outrage? Dem atty gen'l group takes $50K from International Profit Associates
Hillary's vacuous vetting exposes International Profit Associates hypocrisy

Hillary returns Hsu money, but what about International Profit Associates cash?

Obama ditching more Rezko linked cash, but what about Hillary?

Hillary got $4,000 donation from high school student

Reverse Spin has more on IPA.

Technorati tags:

No comments: