Hsu’s Crying Now?
One love feeds the fire
One heart burns desire
I wonder, who's cryin' now
Two hearts born to run
Who'll be the lonely one
I wonder, who's cryin' now
(Journey, Who's Crying Now)
Things are about to get worse for Norman Hsu, according to the Wall Street Journal. Quite a lot worse. The U.S. attorney's office for the Southern District of New York is about to file new criminal charges against the two-time fugitive. The charges are over a the alleged bilking of investors in a pyramid scheme and will also encompass campaign finance law violations.
Federal officials are expected to bring a criminal case against Norman Hsu today, charging the Democratic super-donor with operating a $60 million pyramid scheme and violating campaign-finance laws.
The case, to be announced this afternoon by the U.S. attorney's office in the Southern District of New York, encompasses complaints by investors who gave tens of millions of dollars to Mr. Hsu, who said he was putting the money into a lucrative apparel operation. It also is expected to charge Mr. Hsu with crimes relating to his legendary fund-raising.
A lawyer and a spokesman for Mr. Hsu did not immediately return calls for comment this morning.
One thing is for sure: the reported amounts of money involved keep growing. Meanwhile, Flip is reporting that the Hillary! Clinton campaign has not, repeat, not returned money to at least one of the people Hsu recruited. This of course brings up the question of how much - if any - of the $850,000 has actually left the Clinton coffers.
The disclosure filings confirm that the reader in question did contribute $2,300 to Clinton during the current cycle.
So how about it, Senator - it's been 10 days since Wolfson said the refunds would be received "this week". Are the checks in the mail?
Asked about his connection to Hsu, the reader explained he was among the investors in Joel Rosenman's Source Financing Investors, the vehicle that invested $40 million with Hsu in a series of presumably bogus deals. And it sounds like he's not alone among his co-investors in wondering if that refund check is ever going to arrive.
Out of all of us who invested in SFI and were "asked" to contribute to Hillary Clinton's election campaign I have only heard one person say he was told "the check was in the mail" when he called the Hillary Campaign offices to complain. As far as I know he has not received it yet.
That's interesting, isn't it? The media should be screaming right now.
By feeblemind, September 20, 2007 @ 9:39 am
Even if the checks go out, will they get cashed?