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NEW YORK — The mystery of where a dirty Democratic fundraiser got the money to lead a lavish lifestyle, fund political campaigns and post a $2 million bond to get out of jail appears to have a Woodstock connection, according to a report published in Wednesday's Wall Street Journal. The newspaper reports that a company run by Norman Hsu, who donated nearly $2 million to Democratic candidates since 2004 — including presidential hopeful Sen. Hillary Clinton — recently received $40 million from a Madison Avenue investment fund run by Joel Rosenman, one of the creators of the fabled Woodstock rock...

A New York investment group run by one of the promoters of the 1969 Woodstock festival has sued disgraced Democratic fundraiser Norman Hsu for allegedly funneling $40 million in financing for a nonexistent clothing company into political campaign contributions and an "extravagant international lifestyle." The lawsuit brought by Source Financing Investors LLC says Hsu fooled investors into believing they were financing an operation to supply Chinese-made clothes to U.S. retailers when in fact he was running a Ponzi scheme, in which initial investments are repaid with money from subsequent investments until the operation collapses. Hsu, 56, was convicted in San...

Norman Hsu was desperate for invitations to glitzy Democratic Party galas in California and private political dinners in New York. But once he got in, Mr. Hsu, a 56-year-old apparel executive, seemed awkward and out of place, almost astonished to be posing for pictures with former President Bill Clinton, Senator Hillary Rodham Clinton and other big-name Democrats. He gave generously, showering money on a wide array of national, state and local politicians. But he stood out in the symbiotic world of campaign finance because he appeared to want nothing in return other than a few powerful friends, according to Democratic...

RUSH: Mrs. Clinton had a conference call with reporters, and we had the story yesterday, she's actually going to try to send a note out with the money going back saying, (paraphrasing) "Feel free to send it back in." Turns out, this is illegal. Federal Election Commission rules make it illegal. I got a note from a guy who worked on John Anderson's campaign in 1980, who ran that third-party independent candidacy when Reagan and Carter were battling it out, and they had a snafu. They had to give back $80,000 in donations, and they asked the FEC, "Can we...

The Wall Street Journal has tracked down the source of Norman Hsu's cash, and the good news is that the People's Republic of China didn't provide the funds -- at least, not some of them. However, the bad news is that Hsu apparently moved from Ponzi schemes to outright embezzlement as a former Woodstock backer proved as inept at background checks as the Democratic Party: New documents reviewed by The Wall Street Journal may help point to an answer: A company controlled by Mr. Hsu recently received $40 million from a Madison Avenue investment fund run by Joel Rosenman, who...

Woodstock Creator Tells DA That Funds Have Gone Missing A $40 Million Shortfall Where did Norman Hsu get his money? That has been one of the big questions hanging over the prominent Democratic fund-raiser, as reports have surfaced about hundreds of thousands of dollars he made in political donations, plus lavish parties, fancy apartments and a $2 million bond he posted to get out of jail earlier this month. New documents reviewed by The Wall Street Journal may help point to an answer: A company controlled by Mr. Hsu recently received $40 million from a Madison Avenue investment fund run...