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Obama And That Other Ponzi Scheme

01/01/2009 5:00:15 PM PST · by Steelfish · 14 replies · 1,361+ views
The Smoking Gun ^

Obama And That Other Ponzi Scheme President-elect's name may emerge in Norman Hsu fraud trial 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 (no, the other 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. According to investigators, Hsu, a major Hillary Clinton fundraiser, pressured investors to donate...

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