Posted on 01/01/2009 5:00:15 PM PST by Steelfish
Obama And That Other Ponzi Scheme
President-elect's name may emerge in Norman Hsu fraud trial
DECEMBER 31--As if being linked to one high-profile criminal case weren't enough, President-elect Barack Obama's name may soon pop up in another federal prosecution, this one involving a massive Ponzi scheme (no, the other massive Ponzi scheme). In addition to the Rod Blagojevich pay-for-play probe, Obama could figure in the upcoming fraud trial of Norman Hsu, the disgraced Democratic fundraiser who was charged last year with operating a $60 million pyramid scheme. According to investigators, Hsu, a major Hillary Clinton fundraiser, pressured investors to donate money to political candidates with whom he was aligned. In a letter last week to U.S. District Court Judge Victor Marrero, Hsu's lawyer, Martin Cohen, requested a 60-day delay in the start of Hsu's trial, scheduled to open January 12 (Cohen cited the "extraordinary level of negative publicity" generated by the recent arrest of alleged Ponzi schemer Bernard Madoff). In his December 22 letter, a copy of which you'll find below, Cohen also noted that Hsu was already "notorious for his political activities" and that it was "inevitable" that his client's "connections" to Bill and Hillary Clinton "and other democratic notables--including perhaps the president-elect--will be introduced at trial." Before becoming a key fundraiser for Hillary Clinton's presidential bid, Hsu co-hosted a 2005 California fundraiser for Obama's political action committee and introduced the Illinois Democrat to Marc Gorenberg, a Silicon Valley venture capitalist who later joined the Obama campaign's national finance committee. Prosecutors allege that Hsu directed his investors to donate money to specific candidates, and then reimbursed them in violation of federal campaign laws. Unswayed by Cohen's argument, Marrero declined to delay the trial, which will begin a week before Obama's inauguration.
In addition to the Rod Blagojevich pay-for-play probe, Obama could figure in the upcoming fraud trial of Norman Hsu, the disgraced Democratic fundraiser who was charged last year with operating a $60 million pyramid scheme.
According to investigators, Hsu, a major Hillary Clinton fundraiser, pressured investors to donate money to political candidates with whom he was aligned.
In a letter last week to U.S. District Court Judge Victor Marrero, Hsu's lawyer, Martin Cohen, requested a 60-day delay in the start of Hsu's trial, scheduled to open January 12 (Cohen cited the "extraordinary level of negative publicity" generated by the recent arrest of alleged Ponzi schemer Bernard Madoff).
In his December 22 letter, a copy of which you'll find below, Cohen also noted that Hsu was already "notorious for his political activities" and that it was "inevitable" that his client's "connections" to Bill and Hillary Clinton "and other democratic notables--including perhaps the president-elect--will be introduced at trial."
Before becoming a key fundraiser for Hillary Clinton's presidential bid, Hsu co-hosted a 2005 California fundraiser for Obama's political action committee and introduced the Illinois Democrat to Marc Gorenberg, a Silicon Valley venture capitalist who later joined the Obama campaign's national finance committee.
Prosecutors allege that Hsu directed his investors to donate money to specific candidates, and then reimbursed them in violation of federal campaign laws. Unswayed by Cohen's argument, Marrero declined to delay the trial, which will begin a week before Obama's inauguration.
So Hsu is connected to THE ONE as well as to Hillary. He did some very interesting “bundling” as I recall for his candidates. And almost ended up dead!
Heck, I expect the Federal Prosecutor, judges, and the the FBI to cover this one up from head to toe.
Ping.
We can only hope that justice will prevail and those who broke the law will be punished.
sigh.
Have you seen the well-to-do?
On Pennsylvania Avenue
On that famous thoroughfare
With their noses in the air?
High hats and narrow collars
White shirts and public dollars
Spending every dime
For a wonderful time....! :)
If you’re blue
And you don’t know where to go to
Why don’t you go where ‘Bama flits
Puttin’ on the Ritz.
Spangled Gowns upon the bevy of
High browns in from Oprah’s sortie...
All misfits
Puttin’ on the Ritz
That’s where each and every friend Michelle owns
Every bloomin’ evening with her swell loans
Rubbin’ elbows
Come with me and we’ll attend their jubilee
And see them spend
Our last two bits
Puttin’ on the Ritz
Puttin’ on the Ritz
Puttin’ on the Ritzzzz.
Look who caught up earlier this year
http://www.google.com/search?sourceid=navclient&ie=UTF-8&rls=RNWE,RNWE:2005-01,RNWE:en&q=tony+rezko+norman
We said this during the Hsu train incident... and the donors who didn’t have loot.
Very clever! Bravo!
Isn’t it amazing how the Hsu story went away until after the election? No real court action.
Yet the courts moved quickly when it came the the Alaska senator.
And what about William Jefferson? Is it against the law to actually put democrats on trial?
Yet the courts moved quickly when it came the the Alaska senator.
And what about William Jefferson? Is it against the law to actually put democrats on trial?
It's not amazing if you consider that Joe Stalin is in charge of the entire governmental structure of the United States (excluding the Military).
Show trials for the opponents of socialism, NO trials for socialists criminals, Pravda (MSM) disseminating the "news", class warfare excepting the ultra rich party insiders, police persecuting the innocent and body guarding the criminal.
Things are pretty much normal.
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