Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 09-20-2007, 02:22 PM
 
Location: Pinal County, Arizona
25,100 posts, read 39,261,360 times
Reputation: 4937

Advertisements

Federal prosecutors unsealed a criminal complaint Thursday charging Democratic fundraiser Norman Hsu with breaking campaign finance laws and creating a "massive" Ponzi scheme.

The complaint says Hsu -- who raised hundreds of thousands of dollars for Democratic presidential front-runner Hillary Rodham Clinton and others -- violated campaign finance laws by making contributions to candidates in other people's names and perpetrated a Ponzi scheme to defraud victims across the United States of more than $60 million.

Robert Emmers, a spokesman for Hsu, declined to comment. Hsu's lawyer in San Francisco, Jim Brosnahan, did not immediately return phone messages Thursday.

The charges are the latest in a string of legal problems for Hsu.

He is already in custody in Colorado, where he was captured after skipping a scheduled court appearance in California on an unrelated, 1991 fraud case.

In that case, state prosecutors accused him of fraudulently persuading investors to pump money into a clothing import business that didn't actually exist. He pleaded no contest, and left town before he could be sentenced. Investigators believed he fled to Hong Kong.


FOXNews.com - Democratic Fundraiser Norman Hsu Faces Federal Campaign Finance, Fraud Charges - Politics | Republican Party | Democratic Party | Political Spectrum

Will those pose a substantial problem for Hilary Clinton?
Reply With Quote Quick reply to this message

Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies

All times are GMT -6. The time now is 10:26 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top