Posted on 05/21/2009 7:45:44 PM PDT by Born Conservative
Longtime Democratic fundraiser Norman Hsu was convicted yesterday of violating campaign finance laws in a case that became an embarrassment to Secretary of State Hillary Rodham Clinton and other prominent Democrats, including Pennsylvania Gov. Ed Rendell.
Mr. Hsu donated nearly $40,000 to Mr. Rendell’s campaign coffers.
According to published reports, Mr. Hsu also hosted an $18,000 dinner for Mr. Rendell at an exclusive New York City restaurant, in which less than 20 people attended.
The governor reportedly referred to Mr. Hsu as “one of the best 10 people I’ve me.” He had also said Mr. Hsu “raised money for me because he believes in all the things we’re doing and he never asked for a bloody thing — not a job, not a contract, not to attend a wedding.”
Mr. Rendell was one of the last politicians to distance himself from Mr. Hsu and return the campaign money he received; he eventually gave the funds to charity.
The governor also returned campaign contributions from two donors associated with Mr. Hsu, totaling $7,000.
A jury in federal court in Manhattan deliberated less than three hours over two days before returning the guilty verdict. Mr. Hsu, already jailed following an earlier guilty plea, showed no reaction as he was led out of court.
The trial came just days after Mr. Hsu pleaded guilty to 10 counts of wire and mail fraud, admitting he had cheated investors out of at least $20 million in a Ponzi scheme.
“I think he expected it because it was quick,” said his attorney, Alan Seidler. The lawyer said there would be an appeal.
Mr. Hsu, 58, had been accused of using clients of his fraudulent investment business, including actors and other political novices, as straw donors to make thousands of dollars in campaign donations.
(Excerpt) Read more at thebulletin.us ...
Fast Eddie ping.
ping
Nearly Everybody Reads the Bulletin!
So. Hillary and Rendell will be dragged through the mud by the MSM any day now, huh? (pause, big exhale) Not even going to try to hold my breath on that one.
Sorry about the previous. The italics are from a previous response. The other should just stand on its own as an observation. Wow. Does that ever look weird!
OK. Hsu’s Ponzi Scheme- $20Million
Madoff - $50 BILLION
Boca Ratan man in 44 million dollar scheme.
CRE Capital Corp President - $25 million
(very brief list)
Every day there’s a new Ponzi scheme exposed, or being prosecuted.
There have been an awful lot of foxes in the chicken house.
Too bad he wasn’t really dead on that Train, (just faking it)
TT
Hillary and Rendell, eh? A couple of internal/eternal enemies of The United States of America.
Hsu, A.C.O.R.N. - - - the Demonrats are beyond crooked; they are sinister. Voter fraud isn’t an aberration - it’s the Democrat method of politics. They have no standards, no morals, no ethics.
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