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Ex-Democratic Fundraiser Pleads Guilty in NYC (Norman Hsu)
AP ^ | JONATHAN DIENST | LARRY NEUMEISTER

Posted on 05/07/2009 11:21:19 AM PDT by nickcarraway

Former top Democratic fundraiser Norman Hsu pleaded guilty in federal court Thursday to charges he cheated investors out of at least $20 million in a massive Ponzi scheme.

The 58-year-old Hsu (SHOO) pleaded guilty to 10 counts of wire and mail fraud before U.S. District Judge Victor Marrero.

"I knew what I was doing was illegal," Hsu told the judge.


TOPICS: Crime/Corruption; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: clinton; corruption; demcorruption; democrat; democrats; hillary; hitlery; hsu; normanhsu

1 posted on 05/07/2009 11:21:19 AM PDT by nickcarraway
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To: nickcarraway

2012 Democrat Keynote speaker and future Obama cabinet member.


2 posted on 05/07/2009 11:23:20 AM PDT by nufsed (Release the birth certificate, school and passport records.)
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To: nickcarraway
Former top Democratic fundraiser Norman Hsu pleaded guilty in federal court Thursday to charges he cheated investors out of at least $20 million in a massive Ponzi scheme.

"Piker! I do that much before breakfast on Mondays!", chortled Bernie Madoff.

3 posted on 05/07/2009 11:25:10 AM PDT by Lonesome in Massachussets (AGWT is very robust with respect to data. All observations confirm it at the 100% confidence level.)
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To: nickcarraway

He’ll be out in time to donate in 2010. :)


4 posted on 05/07/2009 11:31:29 AM PDT by Tzimisce (http://groups.myspace.com/nailthemessiah)
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To: Lonesome in Massachussets

ROR

“Raughing” out “Roud”

JG


5 posted on 05/07/2009 11:55:16 AM PDT by Jacksonian Grouch (God has granted us Freedom; we owe Him our courage in return)
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To: nickcarraway

6 posted on 05/07/2009 11:55:46 AM PDT by Bean Counter (Stout Hearts....)
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To: Bean Counter

*snicker*


7 posted on 05/07/2009 12:59:47 PM PDT by Crim
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To: nickcarraway

Guess he didn’t rat out Hillary or hugher up Dems cause he’s still ALIVE!! He COULD have been somebody!


8 posted on 05/07/2009 2:47:04 PM PDT by Ann Archy (Abortion....the Human Sacrifice to the god of Convenience.)
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To: Calpernia

ping


9 posted on 05/07/2009 2:49:22 PM PDT by Liz (Everything Obama says comes with an expiration date,)
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To: nickcarraway; Bean Counter
So where's the money? Prolly in Hitlary's warchest! Related Articles:

2ND UPDATE: Ex-Top Democratic Donor Pleads Guilty To Fraud

Infamous Clinton Fundraiser Pleads Guilty to Ponzi Scheme

Dem Fundraiser Hsu Convicted Of Ponzi Scheme


What I always wonder about cases like this - Did the perp just offshore the takings and set his family up for generations? Sometimes the guy (younger than Hsu) himself gets off for 5-10 years - then he can retire?
10 posted on 05/07/2009 5:47:59 PM PDT by Tunehead54 (Nothing funny here ;-)
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