Democrat Hsu: $60 Million 'Pyramid' Scheme?
Democratic fund-raiser Norman Hsu stands charged today with fraud and campaign finance violations in a case that has prompted presidential candidate Senator Hillary Clinton to return $850,000 in contributions.
U.S. Attorney Michael Garcia unsealed a criminal complaint in New York charging Hsu, 56, with perpetrating a $60 million "pyramid" fraud scheme between 2003 and 2006 and committing related federal campaign finance crimes in 2006.
Hsu used a small portion of the $60 million to reimburse investors who made contributions on his behalf to presidential campaigns, including Clinton's, Garcia told reporters at a news conference.
U.S. Attorney Michael Garcia unsealed a criminal complaint in New York charging Hsu, 56, with perpetrating a $60 million "pyramid" fraud scheme between 2003 and 2006 and committing related federal campaign finance crimes in 2006.
Hsu used a small portion of the $60 million to reimburse investors who made contributions on his behalf to presidential campaigns, including Clinton's, Garcia told reporters at a news conference.
Labels: Hillary Clinton, Norman Hsu
posted by Mike McCarville @ 1:17 PM
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