Showing posts with label norman hsu. Show all posts
Showing posts with label norman hsu. Show all posts

Saturday, January 5, 2008

The Face of Fu Man Hsu

The DNC Donor Domo is Back!

in

"The Face of Fu Man Hsu"

Starring Norman Hsu

with Hillary Clinton

A DBKP Production

Filmed in RidesAPaleHorse-A-Vision




"Bring the kids!"

"Don't miss the train scene--It's to die for!!"

First 400 through the door get a genuine Hsu DNC Donor Button!


Ex-favorite Democrat Donor Domo, Norman Hsu, was sentenced Friday to three years in the slammer after a judge rejected his bid to throw out a 16-year-old fraud conviction.
Hsu's lawyers had asked Judge Stephen Hall to dismiss his 1992 no- contest plea, arguing that Hsu's right to a speedy trial was violated because authorities were not actively pursuing him during his years as a fugitive. They could easily have arrested Hsu, his lawyers argued, at one of the fundraisers he hosted in California for prominent local politicians.

Hsu's lawyers' arguments sounded good to Hsu; they sounded less good to any reporter repeating them on national television.

But what's the odds of that?

Hsu, who also faces federal fraud charges in New York has a history: a history of fraud, a history of fleeing and a history of donating big bucks to Democrats.



His troubles began dogging Sen. Hillary Rodham Clinton and other big- name Democrats last summer when news reports revealed he was a fugitive who fled the state before he was sentenced for the 1992 fraud conviction. He turned himself in on Aug. 31—then fled again.

He was recaptured in September in Colorado after he tried to kill himself by overdosing on drugs aboard an eastbound Amtrak train. Hsu has since been held without bail in a Redwood City jail.

Hsu and the John Edwards-Rielle Hunter stories have been pushed out of the mainstream media mind by more important scandals: Mitt Romney's religion, Fred Thompson's friendship with a pal who was once convicted of drug charges and whether Ron Paul took a donation from a whacko.

This latest Norman Hsu story will get filed with the rest of his escapades: in the MSM circular file.



by Mondoreb
[images: RidesAPaleHorse]
Source: Hsu Headed to prison

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Death by 1000 Papercuts Front Page.

Friday, December 7, 2007

Hsu Indicted, Clinton Excited?

The Occasional Cox & Forkum


From Fresno Bee: Norman Hsu's legal woes likely to follow Clinton.

Norman Hsu was politician's dream who became a nightmare. He knew people, hosted fundraisers, solicited donations. And he was an unabashed fan of Hillary Rodham Clinton.

Now in disgrace, his role as one of Clinton's top money bundlers will dog him and her presidential campaign while law enforcement authorities investigate his business and political dealings.

Eager to sever her links to Hsu, the Clinton campaign this week returned $850,000 in contributions linked to his fundraising activities. But Hsu's troubles aren't over and the spotlight on his political connections won't recede easily.

Hsu is the latest poster boy for rogue fundraising, a man whose political shoulder rubbing reinvented him and then did him in. For Clinton, Hsu threatens to be an unwelcome reminder of the fundraising scandals that pursued her husband and the Democratic Party in the 1990s.

Joseph Birkenstock, a former chief counsel for the Democratic National Committee, said it would be unfair to link her presidential campaign to 12-year-old instances of money laundering and Lincoln Bedroom sleepovers for major Democratic donors.

"But given her last name," he said, "the bar is somewhat higher for her politically than it would be for others."

Source:
Cox and Forkum
--September 16, 2007

Death by 1000 Papercuts Front Page.

Thursday, December 6, 2007

Hsu Indictment: Deparment of Justice Document





The text of the Justice Department indictment of Norman Hsu


United States Attorney
Southern District of New York

FOR IMMEDIATE RELEASE
DECEMBER 4, 2007






CONTACT:




U.S. ATTORNEY'S OFFICE
YUSILL SCRIBNER,
REBEKAH CARMICHAEL
PUBLIC INFORMATION OFFICE
(212) 637-2600


MANHATTAN U.S. ATTORNEY INDICTS NORMAN HSU FOR MASSIVE FRAUD SCHEME

Hsu Also Charged With Using Straw Donors to Make Illegal Federal
Campaign Contributions Over A Three-Year Period

MICHAEL J. GARCIA, the United States Attorney for the Southern District of New York, announced today the unsealing of a fifteen-count Indictment against NORMAN HSU, 56, for perpetrating a massive scheme that defrauded investors across the United States. HSU also was charged with violating federal campaign finance laws by making contributions to various political candidates in the names of others.

According to the Indictment unsealed earlier today in Manhattan federal court:

At all times relevant to the charges, HSU operated and was the Managing Director of two companies, Components Ltd. and Next Components Ltd. (the “Companies”), which purported to provide investment programs that extended short-term financing to businesses. HSU recruited victims by guaranteeing them high rates of return on short-term investments. After receiving money from investors, HSU, for a time, repaid both the victims’ interest and principal as promised. Believing HSU to be trustworthy and the Companies to be legitimate and potentially profitable, victims often agreed to roll over their invested funds into new investments with HSU, invest more money with HSU, and recruit friends to invest with HSU. In reality, however, the Companies were merely vehicles for HSU’s scheme, in which money owed as returns to older investors was paid with money received
from newer investors. From 2000 through August 2007, HSU convinced his victims to invest at least $60 million in his fraudulent scheme. In the end, after making some payments
intended to perpetuate the scheme, HSU swindled his victims out of at least $20 million.

In an effort to raise his public profile and thereby convince more victims to invest in his fraudulent scheme, HSU pressured many of his victims to individually contribute thousands of dollars to various candidates for President of the United States, the United States Senate, and the United States House of Representatives whom HSU supported. HSU allegedly made direct and implied threats to these victims, leading them to believe that their failure to make the required political contributions would adversely impact their ongoing investment
relationships with HSU.

In addition, HSU violated the Federal Election Campaign Act by making contributions to various political campaigns in the names of others. Specifically, in 2005, 2006, and 2007, HSU asked other individuals to make contributions, totaling more than $25,000 for each calendar year, to designated federal candidates. HSU then directly reimbursed the individuals for the political contributions they had made on his behalf.

HSU is charged in the Indictment with six counts of mail fraud, six counts of wire fraud, and three counts of violating the Federal Election Campaign Act. If convicted, HSU faces maximum penalties of 20 years in prison on each of the mail and wire fraud charges, and 5 years on each of the federal campaign finance charges. HSU also faces a maximum fine of twice the gross gain or loss resulting from his financial fraud crimes, and an additional maximum fine of $250,000 for the campaign finance crimes.

In addition, the Indictment contains an allegation seeking the forfeiture of all property that constitutes the proceeds traceable to the commission of HSU’s mail and wire fraud offenses, including at least $20 million -- obtained as a result of those offenses.

Mr. GARCIA praised the work of the FBI in the investigation of this case, and added that the investigation is continuing.

If you believe you were a victim of these crimes, including a victim entitled to restitution, and you wish to provide information to law enforcement and/or receive notice of future developments in the case or additional information, please contact Wendy Olsen-Clancy, the Victim Witness Coordinator at the United States Attorney’s Office for the Southern District of New York, at (866)874-8900, or Wendy.Olsen@usdoj.gov. For additional information, go to: http://www.usdoj.gov/usao/nys/victimwitness.html on the Internet.

HSU is in custody in California on unrelated charges and is expected to be produced in New York in the coming weeks. The case has been assigned to United States District Judge VICTOR MARRERO.

This prosecution is being handled by the Office’s Public Corruption Unit. Assistant United States Attorneys KATHERINE A. LEMIRE, ALEXANDER J. WILLSCHER, and RUA M. KELLY are in charge of the prosecution.

The charges contained in the Indictment are merely accusations, and the defendant is presumed innocent unless and until proven guilty.



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