fyi
Clinton and Obama vowed last month to donate the campaign donations they had received from Hsu to charity after questions were raised about hundreds of thousands of dollars in donations linked to the disgraced businessman.
Does anyone know if either has made the charitable contribution yet????
Yeah, right, which charities and do they ever receive the money? Sounds like it really belongs to the defrauded investors who should all be lining up outside of Hillary's and Obama's headquarters, demanding their money back.
Some articles portray Hsu as shy and uncomfortable about his role as a "high-rolling big-timer", others seem to imply that he was slick and powerful enough on his own to have hoodwinked not only the entire DemocRAT party, but law enforcement as well.
I don't believe either, nor do I believe that he acted ALONE in all of this.
think the RATS will cough up the money NOW??? it'll prolly have to be pried out of their claws.
falling into the pit they dug.
Federal Charges Against Hillary Fundraiser
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The complaint shows that the feds mean business. They have constructed a case that purports the theft of "tens of millions of dollars" in what may be the biggest private con exposed in the US. As Joel Rosenman has already revealed, the con game relied on investor greed and lack of any diligence in convincing people that they could gain large returns over a short term by participating in loans. The initial investments showed a large return, and only after Hsu set the hook did he abscond with the big investments.
The payoff? $60 million. That makes his $2 million in political contributions look like chump change -- or perhaps insurance.
After all, where did Hsu send his political money? He supported Attorneys General in New York and California, where he had built financial bases. Hsu stuffed former AG Eliot Spitzer's coffers when Spitzer ran for Governor of New York. He became a Hillraiser, pouring contributions through all sorts of people of modest means. The complaint also specifically alleges that Hsu pressured his victims to donate large amounts of money in order to remain in what turned out to be a Ponzi scheme, meaning he was able to launder his fraudulent profits through them to Democratic candidates and organizations.
Victim-1 is almost certainly Joel Rosenman, who has already acknowledged giving Hsu $40 million. It turns out that Hsu gave him $40 million in post-dated checks -- but the account only had $83,000 left in it. Victim-3 has yet to come forward, but apparently has lost $20 million in the bridge-loan scheme. All victims got pressured into political donations directed to Hsu's favored candidates and organizations.
Don't forget that Norman Hsu has $6 million in his checking account as of his latest capture. We know where at least some of the money went.
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This could get interesting:
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With a federal prosecution looming on the horizon, one that could put him in prison for life, it will be interesting to see whether Hsu starts singing.
Someone staked him for his initial confidence games, and for some purpose. Will Hsu crack?
How can this be? Hillary’s campaign said they vetted Mr. Hsu, and he was just peachy.
Hill's memories of HSU will be fading quickly to "I Don't Recall!"
Right, he’ll get 20 years in Federal prison until Clinton pardons him on her last day of office as POTUS (if we have an operational government at that point).
Just a “major embarassment” for Hillary —rather than a SCANDAL. You know if this were Fred Thompson the media would be ripping off his flesh for this SCANDAL.
The clintons have thrown him to the wolves. The clintons should be in jail.