Disgraced fundraiser charged with fraud
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- September
- 20
Norman Hsu, the disgraced fundraiser who raised hundreds of thousands of dollars for Hillary Clinton, was accused today of breaking campaign finance laws. Here’s the start of an Associated Press story.
NEW YORK (AP)  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 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 over $60 million.
Robert Emmers, a spokesman for Hsu, declined to comment on the charges.
On CNN today, Clinton said she was not concerned Hsu would reflect negatively on her campaign.
“No,” she said on CNN Newsroom. “Because unfortunately none of us caught the problems that were there. This happened to a lot of campaigns, a lot of investors who made investments that unfortunately don’t look like they were treated appropriately. The system of justice will work its course, and I think that appropriate.”
This entry was posted
on Thursday, September 20th, 2007 at 2:53 pm by Noreen O'Donnell.
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Nothing could surprise me less than fraudulent fundraising by, and crooked donors to, a Clinton campaign.