Aug 29 2007
Breaking news: Top Clinton donor wanted on swindling charges
His name should be familiar. I just blogged about his nifty donation laundereing scheme.
Is this coincidence or is this a scheme to ‘launder’ campaign donations? I believe it is a carefully arranged way to direct money to campaigns, bypassing campaign donation limits, and not a coincidence
Well turns out that Norman Hsu is also a fugitive, according to the LA Times:
Big Dem fundraiser wanted on swindling charges
The Los Angeles Times reports on this website tonight and in Wednesday’s print editions that a major Democratic Party fundraiser named Norman Hsu is wanted by authorities for skipping out on an agreement to serve up to three years in prison after pleading no contest to grand theft swindling charges.
In a story by Chuck Neubauer and Robin Fields, The Times reports that for three years Hsu has been carving out a place of political and financial influence by funneling hundreds of thousands of dollars in campaign contributions into Democratic Party coffers, much of the money earmarked for Sen. Hillary Clinton. He has earned the ranking of Hillraiser for pledging to raise at least $100,000 for her.
In just the last 36 months Hsu has been involved in raising more than $1 million for Clinton and other Democrats. Howard Wolfson, a spokesman for the Clinton campaign, confirmed today that Hsu had been a “longtime and generous supporter” of the party including Clinton. “We have no reason to call his contributions into question or to return them,” Wolfson added.
Hsu has developed a specialty of bundling hefty campaign contributions from obscure citizens who live modest lives and have never before given money to campaigns. Many are not even registered to vote.
Over the years other recipients of Hsu donations have included Sens. Dianne Feinstein, Barack Obama, Joe Biden and Edward Kennedy.
Hsu’s lawyer confirmed today that his client was the one involved in the California case but said he did not remember pleading to a criminal case nor facing jail time.
“He is a fugitive,” said Ronald Smetana of the California attorney general’s office. “Do you know where he is?”
Nice. I wonder if Hillary knows? Will she return all the money he raised?
Dan Riehl Asks:
Interesting that along with Hillary’s camp having spoken up for Hsu, Obama’s chief fund raiser had positive things to say about him as well. Can we say culture of corruption now?
The WSJ has a good background piece on Hsu.
Leading Clinton Donor Stays Below the Radar
Norman Hsu is one of the leading political fund-raisers in the country this year. In fact, many fund-raisers say he is one of a small handful of people capable of raising more than $1 million — a major feat considering the maximum donation allowed by an individual for 2008 races is $4,600 per candidate.
But longtime political donors are curious: “Who is Norman Hsu?” asks Robin Chandler Duke, a former ambassador and longtime supporter of Bill and Hillary Clinton.
Until three years ago, Mr. Hsu never made a campaign contribution to a presidential candidate, according to federal election records. Now, though, several people involved in raising money for White House candidates say Mr. Hsu is a majorr player.
And apparently a crook?
Trackposted to DRW, ST, Outside the Beltway, Perri Nelson’s Website, The Virtuous Republic, Rosemary’s Thoughts, Big Dog’s Weblog, Right Truth, DragonLady’s World, The Amboy Times, Pursuing Holiness, Right Celebrity, third world county, Wake Up America, Pirate’s Cove, The Pink Flamingo, Right Voices, Right Pundits, Blog @ MoreWhat.com, Committees of Correspondence, The Random Yak, DeMediacratic Nation, Adam’s Blog, Nuke’s News & Views, Webloggin, Cao’s Blog, The Bullwinkle Blog, Conservative Cat, Conservative Thoughts, Allie Is Wired, Faultline USA, The Crazy Rants of Samantha Burns, Blue Star Chronicles, Planck’s Constant, Republican National Convention Blog, High Desert Wanderer, and Gone Hollywood, thanks to Linkfest Haven Deluxe.
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