« McCain to Protestor: 'We beat you yesterday, we'll beat you today, and we'll beat you tomorrow!' | Spreadsheet of Hsu's Dem contributions available »
September 21, 2007
Hsu is Singing to the FBI
Yes, but how much is he really going to divulge?
Norman Hsu, the Democratic fund-raiser with a habit of fleeing the law, confessed to FBI agents last week that he pressured investors in what he now admits were phony business deals to contribute to political campaigns, prosecutors said in an indictment.The FBI is saying that Hsu used his political contributions to give his scheme a certain "allure." That may well be true. But there are still numerous unanswered questions about Hsu's relationship to the Clinton campaign as well as questions about many donors who are claiming to have fallen for the scheme but should have known better.
The complaint, filed in U.S. District Court in Manhattan and unsealed Thursday, accused Hsu of bilking at least $60 million from hundreds of investors in a nationwide Ponzi scheme, and using some of that money to illegally reimburse at least two people who made a total of $60,000 in campaign donations at his request...
The indictment said that while in Colorado, Hsu reached out to FBI agents on three occasions and asked to speak to them without his lawyers present. He is said to have told the agents that his business deals involved no real investments but were in fact fraudulent, and "admitted that he made implied threats to his investors to pressure them to contribute to political candidates he supported."
Some of these "clients" that Hsu bilked are savvy investors and it seems incredible that they couldn't see through the Ponzi scheme. And then they are "threatened" into giving political contributions?
The FBI still has some work to do.
To comment on this or any other American Thinker article or blog, you must be a subscriber to our ad-free service. Login to your subscription to access the comments section. You can subscribe on a monthly basis for $6.79 a month or for a year at $69.99
Login
Subscribe / Change PwdAd Free / Commenting Login
FOLLOW US ON
Recent Articles
- That Strange, Persistent, Cheering at a CEO's Murder is Proof We Are Now an Idiocracy
- North Korea is China's Proxy
- Scientific Societies Err on 'Climate Change'
- A 2025 Year of Jubilee Could End Slavery in America
- The Laken Riley Act Must Become Law
- Depopulation: A Space Odyssey
- Trump’s Incredibly High Stakes
- It’s Not Too Late to Boot Biden
- The Sinking of the USS Agility
- Culture and the Perils of Ideology
Blog Posts
- Firestorm of incompetence in Los Angeles: Water company admits their big reservoir to fight fires was bone dry
- California wildfires: Now for the arsonists and looters ... UPDATED
- Why was John Lennon’s atheist anthem ‘Imagine’ sung at Jimmy Carter’s funeral — at the late president’s request?
- Disappointment from the Supreme Court
- Scenes from a funeral
- Americans, be careful for whom you vote; your lives may depend on it
- Fact checkers upset fact checkers checked
- The farce of multiculturalism
- Fani Willis and the high cost of transparency theater
- More abortion means killing parental rights
- Socialism update: No lights in Cuba, no water in L.A.
- Let's update world maps to reflect American greatness
- Four years of Biden proves too close a shave
- Gavin Newsom actually does something right for once
- The reality of Stand Your Ground