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Obama And That Other Ponzi Scheme: president-elect's name may emerge in Norman Hsu fraud trial
The Smoking Gun ^ | 12/31/08

Posted on 12/31/2008 11:02:23 AM PST by Behind Liberal Lines

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.

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.

In a letter last week to U.S. District Court Judge Victor Marrero, Hsu's lawyer, Martin Cohen...noted 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.

(Excerpt) Read more at thesmokinggun.com ...


TOPICS: Crime/Corruption; Front Page News; US: California; US: Illinois
KEYWORDS: clinton; fundraising; hsu; normanhsu; obama; obamatransitionfile; obamatruthfile
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1 posted on 12/31/2008 11:02:24 AM PST by Behind Liberal Lines
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To: Behind Liberal Lines

Hsu fly don’t bother me............


2 posted on 12/31/2008 11:05:01 AM PST by Red Badger (I was sad because I had no shoes to throw, until I met a reporter who had no feet.....)
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To: Behind Liberal Lines
Before becoming a key fundraiser for Hillary Clinton's presidential bid, Hsu co-hosted a 2005 California fundraiser for Obama's political action committee...

The more things "Change", the more they remain the same.

3 posted on 12/31/2008 11:05:31 AM PST by Texas Eagle (Who'll save the world from those who think only they can save it?. -- Ashleigh Brilliant)
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To: Behind Liberal Lines

One last Christmas Gift? Please, Oh, Please, Oh, Please!! :)


4 posted on 12/31/2008 11:06:18 AM PST by Diana in Wisconsin ('Taking the moderate path of appeasement leads to abysmal defeat.' - Rush on 11/05/08)
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To: Behind Liberal Lines

Damn, this is just getting better and better.


5 posted on 12/31/2008 11:08:21 AM PST by Joiseydude (Let the Hero, born of woman, crush the serpent with his heel,)
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To: Diana in Wisconsin

“One last Christmas Gift? Please, Oh, Please, Oh, Please!! :)”

Are you hoping that 0bama is a Hsu-in for impeachment? :-)


6 posted on 12/31/2008 11:09:27 AM PST by KingSnorky
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To: Diana in Wisconsin
Strange. I did a search of Google news to find out if the New York Times, AP or Washington Post had printed a story about this and couldn't find a thing. You would have thought they'd be all over this.


7 posted on 12/31/2008 11:17:18 AM PST by Behind Liberal Lines
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To: Behind Liberal Lines

This will mean nothing. Less than nothing. Hussein will never be criticized in the LameStream Media. He is the One they worship.


8 posted on 12/31/2008 11:17:46 AM PST by Recovering_Democrat
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To: Behind Liberal Lines

Expect the Whitehouse law to be full of POD’s to hold all of 0’s excess baggage.


9 posted on 12/31/2008 11:23:06 AM PST by tbpiper (Al Gore if the Berney Madoff Global Warming.)
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To: Behind Liberal Lines

One high profile criminal case... has everyone forgotten about Rezko?


10 posted on 12/31/2008 11:23:31 AM PST by autumnraine
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To: Behind Liberal Lines

Wasn’t Hsu on suicide watch after being found on a train?


11 posted on 12/31/2008 11:24:41 AM PST by Sybeck1 (Million Minuteman March (Spring 2009))
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To: Behind Liberal Lines

Hsu’s lawyer is 100% brass, ain’t he? He argues that negative publicity about somebody else makes it impossible for Hsu to get a fair trial, and then the inauguration would take place during the 2nd week of the trial if it isn’t postponed...and several Obama appointees are connected to Hsu! Awww.
So we should wait ‘til some of the public furor dies down. Hey! What if another Madoff comes along in the meantime? What if things get worse instead of better? What if the public gets more stuff to be steamed about?
Maybe we should just let poor Norman go home!
Seriously, now, given some of the polls and surveys lately, showing how uninformed voters are, don’t you think it would be easy to find 12 people who never heard of Norman Hsu? Or Bernie Madoff? Sure it would.


12 posted on 12/31/2008 11:25:01 AM PST by 668 - Neighbor of the Beast (Problem id'd, opinion keyed in...now, what will you DO about it?)
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To: Behind Liberal Lines
You would have thought they'd be all over this.

I am sure they are all over it.

They are all over making sure that it is not published in the MSM.

13 posted on 12/31/2008 11:36:26 AM PST by Pontiac (Your message here.)
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To: Behind Liberal Lines

Oh my, my...


14 posted on 12/31/2008 11:40:22 AM PST by GVnana ("I once dressed as Tina Fey for Halloween." - Sarah Palin)
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To: Behind Liberal Lines
Prosecutors allege that Hsu directed his investors to donate money to specific candidates, and then reimbursed them in violation of federal campaign laws.

In all likelihood this is a non-issue for Obama. The most that could possibly happen is that Obama’s campaign would have to return the money and pay a fine.

Very remote is that his campaign manager would go to jail.

The candidates themselves are insulated from responsibility when it comes to illegal donations. All they have to do is say “I was unaware that those donations were funneled through straw donors”.

15 posted on 12/31/2008 11:42:03 AM PST by Pontiac (Your message here.)
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To: Behind Liberal Lines

http://www.washingtonpost.com/wp-dyn/content/article/2007/09/07/AR2007090703047.html


16 posted on 12/31/2008 11:43:34 AM PST by getmeouttaPalmBeachCounty_FL (****************************Stop Continental Drift**)
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To: Behind Liberal Lines
"Before becoming a key fundraiser for Hillary Clinton's presidential bid, Hsu co-hosted a 2005 California fundraiser for Obama's political action committee..."

More "Change" You Can Believe In.

17 posted on 12/31/2008 11:43:53 AM PST by cake_crumb (Waiting for Dear Leader Obama to drop sea levels and heal Earth.)
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To: Behind Liberal Lines

18 posted on 12/31/2008 11:59:48 AM PST by getmeouttaPalmBeachCounty_FL (****************************Stop Continental Drift**)
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To: Behind Liberal Lines

Google engages in censorship to steer public perception (it works, BTW, with the herd). Find a different search engine.


19 posted on 12/31/2008 12:05:57 PM PST by Lexinom
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To: Behind Liberal Lines

Hsusein.


20 posted on 12/31/2008 12:06:04 PM PST by Mojave (http://barackobamajokes.googlepages.com/obama_funny)
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