Posted on 08/31/2007 7:02:11 AM PDT by teddyballgame
See above for many links.
It would be excellent to prove that Ta-Lin Hsu was Norman Hsu’s brother. Then, the money trail gets hot.
Great stuff! I’ll just keep adding on and maybe we can make something of it.
(snip)
REPORTING FOR DUTY: Mark Hsu, vice president of Hambrecht & Quist, is a mover and shaker who’s taken leave for the Kerry campaign. Hsu’s also supporting Eugene Wong, who’s challenging incumbent Aaron Peskin to represent Chinatown/North Beach.
Whoa! Wonder if he was remunerated by Dad or Uncle for his time spent on the Kerry Campaign?
If you don’t mind, to make it easy for others to follow your’s and my tracks, please include the URL where you find stuff. I’d like to backtrack that and see what else pops up. Also, if we strike gold, the string should self-document for the lazy MSMers.
“Mark Hsu of Atherton, elector for the 15th Congressional district.”
http://www.ss.ca.gov/elections/elector_list_2004.pdf
Our buddy was an elector for the State of California to the Electoral College. That’s connected.
Adding on...
http://blog.barofintegrity.us/2007/08/31/senator-hillary-rodham-clinton-dnc-campaign-money-trail—norman-hsu-and-china.aspx
Senator Hillary Rodham Clinton, DNC, Campaign Money Trail, Norman Hsu and China
http://blog.barofintegrity.us/2007/09/01/norman-hsu-and-dnc-fundraisers.aspx
Norman Hsu And DNC Fundraisers
"B. Florida A group led by Maria Haley, Mark Hsu, Ginger Lew, and Bel Leong-Hong went down to Miami/Ft. Lauderdale to work with Allison Yoh and Courtni Pugh. In addition, Clemetine Clarke, a close political associate of Fiona Ma, flew into Jacksonville to conduct voter outreach to minorities and women."
http://www.hondaforamerica.com/APIA_Report.pdf
Oh, I don’t mind at all. If I have them, I always include them. Much of the research I do is via the Los Angeles Library (online databases). As such, I can only give citations, not links. That particular article was a mishmash of different subjects—I clipped the entire portion that had anything to do with Hsu (I usually err on the conservative and will post more than necessary).
Below are a couple things on H&Q’s early investments in China funds:
http://www.altassets.com/casefor/countries/2003/nz2476.php
Taiwan VC: global force, regional player - or pacing the sidelines?
07/01/2003. Source: AVCJ. Daniel M Schwartz
The development of the venture capital industry over the last two decades was as apparent in some of the smaller markets as it was in those of the US and Europe. Taiwan, for instance, experienced significant growth in this time. It is now a very different landscape. Daniel M Schwartz of the Asian Venture Capital Journal discusses the rise of Taiwanese venture capital and its future outlook.
As China continues to emerge from its decades-long Maoist experiment, the world is rushing to its doorstep, eager to do business in the planet’s most populous country. Situated a mere 50 km across the water is Taiwan, an island that shares the same language, history and culture with - and the Beijing authorities would insist is - China. Taiwan’s venture capital community has served as a model for other developing countries seeking to incubate a venture-funded technology industry and has succeeded where economic powerhouses Japan and Korea have not.
That would seem to harbinger a ‘Golden Age’ for Taiwanese private equity, but the reality is considerably less certain. Strong ties with the US venture community are well known, but Taiwanese venture capitalists are all but invisible in the PRC and rarely invest in other Asian countries. From afar, they appear uncertain of how to step into one of the great economic opportunities of the 21st century - serving as Asia’s gatekeeper to China. Global economics and government policy will continue to shape their future, but the ultimate impetus for success must come from the venture capitalists themselves.
‘The giant’
The modern history of Taiwanese venture capital traces its origins to the foresight of KT Li, the Taiwanese finance minister in the early 1980s. Says Ta-lin Hsu, Chairman, H&Q Asia Pacific, ‘He was the giant.’ KT first visited Hambrecht & Quist, the legendary American venture capital firm in1983. His timing coincided with the US venture boom which funded the likes of Apple Computer and Genentech at internet-like multiples.
Silicon Valley’s wealth has been attributed to multiple factors: the presence of great universities; America’s legal and financial infrastructure; and the open and entrepreneurial culture, which the Valley fosters.
How much of that KT understood can only be gleaned in hindsight, but he returned to Taiwan impressed by what he saw. He recruited Morris Chang from IBM and set up the Industrial Technology Research Institute (ITRI), which spawned the incubator-like industrial parks. KT also set up the framework for Taiwan’s venture funds by establishing a regulatory framework that included a 20 per cent tax credit for gains on venture investments.
Venture capital funds soon took off. Acer Venture was the first with $8m in 1985. H&Q Taiwan followed with a $20m US-style fund in July 1986, and Walden International arrived six months later. Says Hsu: ‘We received about 30 per cent of our funds from the Taiwanese government. It took six months to raise the fund - it was very difficult.’
The industry raised its money locally and benefited from the spectacular growth in semiconductor wafer fab plants and the PC boom. Japan and Korea were also eyeing events in Silicon Valley and initiated their own venture programs. Rather than taking equity, however, investors in these countries made loans - a decision that would soon undermine their efforts to build a venture industry.
Chang went on to found Taiwan Semiconductor Manufacturing Company (TSMC), and the rest as they say, is history. TSMC became the model for UMC and other semiconductor foundries. Along with PC manufacturers such as Acer, these enterprises became the core of the island’s high tech economy. Taiwan - its economy and venture funds - prospered through most of the 1990s on a wave of internet and technology-related growth.
(snip)
Cover Story: Is China the Road to Riches?
Jerry Borrell
Jun 3, 2004
Venture Capital Journal
(snip)
In addition to “how,” investors targeting China need to understand the “who,” as in who’s already there. Answer? An all-star cast of U.S.-based VCs that have spent a decade or more making investments in China (see Key Players in China). Many of the firms are headed by Chinese founders whose familial and cultural ties pulled them back to their land of origin. Among them are those who identify themselves as the “49ers,” people whose families fled to Taiwan when Mao Tse-Tsung and the Communist Party conquered Mainland China. They’re typically over-achievers-like Ta-Lin Hsu, founder and chairman of H&QAP, and Lip-Bu Tan, founder and chairman of Walden-who achieved remarkable success in academia or in the sciences before their boundless energy drove them into finance and venture capital. Their attitude is, in the words of Walden’s Tan, “Follow me.” That is to say, they’re open to sharing their experience, contacts and deals with their peers in the venture community. If you decide that you want to get started in China, there is no better place to start than with the principals of a firm like Walden or H&QAP.
It also helps to have some context for the timing of investments in China. “There have been three recent eras of doing business in China,” says Hsu. The first was the period from 1993-1996, which saw Sino-foreign joint ventures, incentives from the Chinese government and lots of failures that left a legacy of horror stories in the private equity community. Then came the era of the Wholly Owned Foreign Entity (WOFE) from 1996 to 2003, in which VC-backed Chinese companies were wholly owned subsidiaries of operating companies based in the Cayman islands. Finally, the market entered a new era this year. It’s a “less-regulated era in which investment is changing once again,” based on a maturing regulatory and legal environment, Hsu says.
Copyright 2005 by Thomson Financial. All rights reserved.
Linkers/researchers/reporters BUMP! Thanks to all.
1. Name and Address of Reporting Person* HSU MARK
Explanation of Responses:
1. Shares held of record by Asia Pacific Growth Fund II, L.P., a Cayman entity. Mr. Hsu disclaims beneficial ownership of the shares held by this entity, except to the extent he has a pecuniary interest in this entity.
2. Shares held of record by Hantech International Venture Capital Corporation. Mr. Hsu disclaims beneficial ownership of the shares held by this entity, except to the extent he has a pecuniary interest in this entity.
By: David Teichmann For: Mark Hsu
http://www.secinfo.com/d166Xk.2e.htm
(Note the CAYMAN reference. Often a location of “tax shelters.”)
Hambrecht & Quist Group · S-1 · On 6/20/96 · EX-10.02
p.10-11
8. H&Q ASIA PACIFIC, LTD.H&Q Asia Pacific, Ltd. ("H&Q AP") was established in February 1990 as the corporate successor to a business effort initiated by H&Q Group in 1985 with a view toward creating one of the leading private equity investment firms of the Asia Pacific region. Today H&QAP employs approximately 53 employees including 29 professionals who operate from headquarters in San Francisco and offices in Bangkok, Manila, Singapore, Hong Kong, Kuala Lumpur, Jakarta, and Taipei. H&QAP manages ten venture funds with over $300 million of capital. H&QAP's professional employees own 50% of its equity with the balance being held by H&Q Group. Dr. Ta-lin Hsu, a Managing Director of H&Q Group, is the Chairman of H&Q AP.
Established in July 1986, H&Q Taiwan Co., Ltd. is a joint venture between H&QAP (80%) and ORIX Capital (10%) and Baring Brothers (10%) and is the manager of two fund companies, HanTech Venture Capital Corporation and HanMore Venture Capital Investment Corporation. HanTech is a US$28 million venture capital company formed in 1986. In 1990, US$7 million of HanTech's profits were capitalized following realization of several of the fund's early investments.
Approximately US$10 million of HanTech's original capital was used to form H&Q Taiwan Ventures, C.V., which co-invests with other funds managed by H&Q Group in U.S.-based technology and healthcare companies. HanMore is a US$16 million fund established in 1989 for investment in high technology companies in Taiwan and the U.S. M.R. Lin is President of H&Q Taiwan.
H&Q Philippines, Inc. was established in 1988 and is the manager of H&Q Philippine Ventures, Inc., a venture capital fund organized in 1988 with the assistance of the Asian Development Bank (ADB). This fund has committed capital of US$16 million from international institutions as well as from leading local corporations. H&Q Philippines is also the Manager of H&Q Philippines Ventures II, Inc., a US$16 million fund which closed in 1994. Eduardo David is the President of H&Q Philippines.
H&Q Asia Pacific Venture Management Pte Ltd. (H&QAPVM) was established in Singapore in 1988 to pursue venture capital investments in the countries of the Association of Southeast Asian Nations (ASEAN). In November of 1988, ASEAN Fund Limited, a US$150 million fund raised by Nomura Securities, selected our firm to establish and manage a portfolio of investments in unlisted companies. With approximately US$14 million allocated for this purpose, H&QAPVM began making investments in early 1989. H&QAPVM is also the manager of H&Q Asia Ventures Ltd., a Singapore-based fund with capital of approximately US$26 million. William Seymour is Managing Director of H&QAPVM.
In 1990, H&QAP teamed up with two prominent Thai institutions -- Bangkok Bank Limited and Asia Securities Trading Co., Ltd. -- to form a joint venture company in Thailand. Today, H&Q (Thailand) Ltd. provides consulting services to H&Q BVI Limited, which is engaged primarily in the management of Siam Ventures N.V., a US$20 million fund which seeks to provide expansion capital to unlisted companies based in Thailand. Virapan Pulges is the Managing Director of H&Q (Thailand), and William Chao is the Managing Director of H&Q BVI Limited.
In 1991, H&QAP was selected by the Overseas Private Investment Corporation (OPIQ to manage the Asia Pacific Growth Fund, which is a US$75 million fund that closed in 1992, The fund invests in rapidly growing companies in the ASEAN countries, Taiwan and Micronesia. OPIC is a self-sustaining agency of the U.S. government which provides political risk insurance and loan guarantees to U.S. businesses.
In 1993, H&Q AP formed a joint venture with the Malaysia Technology Development Corporation to form a venture management company in Kuala Lumpur. MTDC-H&Q Venture Capital Management Sdn Bhd manages Malaysia Technology Venture One Sdn Bhd a US$14 million fund. Additionally, in 1995, a second fund, Malaysia Technology Ventures 11 Sdn Bhd was closed with committed capital of US$25.8 million.
In 1994, H&Q AP teamed up with Aetna Investment Management (Bermuda) Holding Limited and Bank of China Trust & Consultancy Company to raise and manage the China Dynamic Growth Fund, L.P. This fund will focus on private equity investments in China and currently has committed capital of US$76 million.
H & Q Asia Pacific (Hong Kong) Limited also provides advisory services for the funds portfolio companies.
I think I BEAT you to the punch on the Ta-lin Hsu and Norman Hsu, HONDA scandal....
Good JOB! anyways...
http://marcchamot.blogspot.com/
Best wishes,
Marc Chamot
Welcome to FreeRepublic!
I’m not into taking credit for anything—I just like to expose any kind of corruption in Government. And this thing stinks! Good job to you, too! Nice blog!
So, regarding Mark, Joyce and Ta-Lin, do we know if there is any familial connection to Norman? The closest I have found is a Mark Hsu (possibly the same—son of Ta-Lin) as a real-estate sales person in 1995 in Dix Hill, NY (same city where Norman shows up).
The Long Island Board of Realtors and Multiple Listing Service of Long Island have named Joseph E. Mottola ...
(snip)
Gretchen Beth Tranchino of Stony Brook has joined the Stony Brook office of Daniel Gale Real Estate, and Mark Hsu of East Northport has joined the Dix Hills office. Both are salespeople. ...
My other questions surround Paul Hsu aka Paul P. Hsu aka Paul Su aka Paul P. Su, also of Dix Hills, reporting his contributions as Dilini Group LLC/President (or Dillini... or multiple other spellings), a company that Norman also listed as his employer in his contribution to Senator Feinstein. Any idea how Paul is related to this bunch?
Its only dirty money if it goes to a Republican. Remember Abernoff and how every Repub was dirty yet all the Dems were ok??
This one may cause her a problem since it reminds everybody of their sleeze.
Pray for W and Our Troops
Thank you VERY much!
The only connections that I see with Norman Hsu is the Ta-Lin Hsu and Paws and Fangs fundraiser for REP Mike Honda they all interconnect with each other. Which in my opinion shows association. I think Mike Honda needs to return more than %5,000 to charity.
How about the Ta-Lin $28,500 contribution to the DEMOCRATIC CONGRESSIONAL CAMPAIGN COMMITTEE (D) $28,500primary 06/25/07
Another point that hasn’t been asked over this affair is the question of Norman and Ta-Lin Hsu citizenship status?
None citizens donating to political campaihns especially in these large amounts, make one wonder if they are trying to buy favors from politicians in that regards also?
Marc Chamot
In my rough assessment, Joyce has given $19,500 to democrat causes, Mark $8,250, and Ta-lin $113,300. (source: Newsmeat)
But their contributions alone don’t mean anything, unless there was wrongdoing involved. If Norman can be tied to Ta-Lin, there may be reason to believe there was some laundering going on.
If you do find anything of interest, please find me here. You can post publicly, or send a private message.
Keep up the great work!
calcowgirl: I agree with you, Ta-Lin Hsu has money and can afford to donate but the PAWS were the hook and sinker...
My question is? Was Norman Hsu the only Paw laundering contributor? Or was Ta-Lin Hsu also a party that played into this?
MC
After skipping BAIL two days ago, Norman HSU is CAPTURED!!
Fugitive fundraiser Hsu captured in Colorado
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/09/07/MN9OS10B5.DTL&hw=Hsu&sn=001&sc=1000
(09-07) 07:33 PDT SAN FRANCISCO — Fugitive political fundraiser Norman Hsu, who skipped out on San Mateo County authorities this week rather than face sentencing for a 1992 fraud conviction, was apprehended Thursday night by federal and local lawmen in Grand Junction, Colo.
Marc Chamot
Yep! I looked up their property tax records on the county website... $15 million dollar home, $150K in annual taxes. They certainly aren't hurting for money. (97 Isabella Ave. , ATHERTON CA 94027-4031, Parcel #070-250-110).
My question is? Was Norman Hsu the only Paw laundering contributor? Or was Ta-Lin Hsu also a party that played into this?
The million dollar question! I'm still looking for any connections--no luck yet!
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