Obama And That Other Ponzi Scheme: president-elect's name may emerge in Norman Hsu fraud trial

The Smoking Gun ^ | 12/31/08

[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.

[tiredoflaundry]

Looking at the article’s comments,*O*’s Army is already marching on this one.

[Freedom of Speech Wins]

Hsu's your daddy?

[Red Badger]

If the Hsu fits..............

[cake_crumb]

"In addition to the temporal proximity of the Madoff arrest, adverse press coverage will be heightened because of Mr. Hsu's already notorious fundraising activities on behalf of major democratic candidates for federal and state offices, and the fact that, if the trial takes place as currently scheduled, the presidential inauguration will take place during the second week of the trial. Several of the candidates to whom Mr. Hsu has contributed - illegally, according to the government -, including Hillary Clinton and Bill Richardson, have been nominated for cabinet positions in the incoming administration."

Oh, this is too (Marc) Rich!

[wastedyears]

LOL!

If the Hsu fits...

[yefragetuwrabrumuy]

[mojitojoe]

Is there anything not dishonest about Obama?

[Freedom of Speech Wins]

Abbott and Costello time:

Sue Hsu!

Sue Who?

Sue Norman Hsu!

Who will Norman sue?

No, sue Norman Hsu!

Norman Who?

Norman Hsu!

Sue who?

Sue Hsu!

Who should they sue?

Hsu!

Sue Who?

[SunkenCiv]

U.S. Attorney Seeks Extension to Indict Blagojevich
fox news internet
Posted on 12/31/2008 9:13:23 AM PST by disraeligears
http://www.freerepublic.com/focus/f-news/2156791/posts

[SunkenCiv]

:’D LOL!

[Colonial Warrior]

[Diana in Wisconsin]

*SNORK* LOL!

[tubebender]

Is this the same Hsu found under a bunk on a passenger train? It seems to me that was a few years ago. That was a interesting thread or two...

[tubebender]

Looks like a trial run on a new prototype fund raiser used extensively with refinements recently...

[tubebender]

Looks like this same old Hsu has a FReeper Rap sheet a mile long and a mile wide...

http://www.freerepublic.com/tag/hsu/index?tab=articles

[television is just wrong]

do not remember so much controversy surrounding a president elect. the honeymoon is over. He is a fraud. obamacrimes.com

[Grampa Dave]

Hsu is old news and nothing came of it when it was new news.

Besides old news never fed a hungry Wall Street Ponzi guy like Madoff.

[Liz]

[Calpernia]

http://blog.barofintegrity.us/2007/09/01/norman-hsu-and-dnc-fundraisers.aspx
Norman Hsu And DNC Fundraisers

Excerpt:

Campaign contributions
Since 2004, other than Hillary Clinton, Norman Hsu has contributed to or raised funds for the following:[6][9]

Sen. Joseph R. Biden Jr. (D-Del.)
Sen. Barbara Boxer (D-Calif.)[10]
Sen. Sherrod Brown (D-Ohio)
Sen. Maria Cantwell (D-Wash.)[10]
Sen. Robert Casey (D-Penn.)[10]
Sen. Dianne Feinstein (D-Calif.)
Rep. Harold Ford, Jr. (D-Tenn.)[11]
Rep. Kirsten Gillibrand (D-N.Y.)[11][12]
Sen. Thomas Harkin (D-Iowa)[11]
Rep. Mike Honda (D-Calif.) Donated $1,000 to charity.[13]
Sen. Edward M. Kennedy (D-Mass.)[10]
Rep. Patrick Kennedy (D-R.I.)[10]
Sen. John F. Kerry (D-Mass.)[10]
Sen. Mary Landrieu (D-La.)[11]
Sen. Frank Lautenberg (D-N.J.)[11]
Rep. Doris Matsui (D-Calif.)[10][14]
Sen. Bill Nelson (D-Fla.)[10]
Sen. Barack Obama (D-Ill.)[10]; HOPEFUND[10]
Sen. Mark Pryor (D-Ark.)[11]
Sen. Jack Reed (D-R.I.)[11]
Sen. Jay Rockefeller (D-W.Va.)[11]
Rep. Joseph Sestak (D-Penn.)[11] Donated $1,000 to chairty.[15]
Sen. Debbie Stabenow (D-Mich.)[10][16]
Sen. Mark E. Udall (D-Co.)[11]
Former presidential candidate Tom Vilsack[11]
Gov. Jon Corzine (D-N.J.)
Gov. Edward G. Rendell (D-Penn.)[17]
Gov. Bill Richardson (D-N.M.)[18]
Gov. Eliot Spitzer (D-N.Y.)[19]
Andrew Cuomo for Attorney General (D-N.Y.)[20]
Thomas Allen (D-Me.) for Senate[11]
Al Franken (D-Minn.) for Senate[11] Donated $2,600 to charity.[21]
David Wayne Loebsack (D-Iowa) for Congress[11]
Committee for a Democratic Majority[11]
Democratic Campaign Committee of Philadelphia[22]
Democratic Executive Committee of Florida[10]
Democratic National Committee Services[10]
Democratic Party of Wisconsin[10]
Democratic Senatorial Campaign Committee[11][10]
New York State Committee of the Working Families Party[11]
New York State Democratic Committee[23]
New York State Democratic Party[24]
Tennessee Democratic Party[11]
EMILY’s List[10]
Preschool for All[25]
Pro-Issue 2 / Ohio Citizen Action / 2006[26]
Searchlight Leadership Fund[11] (operated by Sen. Harry Reid (D-Nev.))

(snip)

But hey, Norman Hsu has been a bundler since at least 1995:

http://blog.barofintegrity.us/2007/08/31/senator-hillary-rodham-clinton-dnc-campaign-money-trail—norman-hsu-and-china.aspx

[STARWISE]

~~These are gonna be mighty fattening times ... PING!