Archive for the “Norman Hsu” Category
Norman Hsu, 56, is escorted into a Redwood City, Calif., courtorom, Friday, Sept. 21, 2007. Hsu on Tuesday was charged with fraud and campaign finance violations in a case that prompted Democratic presidential hopeful Hillary Clinton to return hundreds of thousands of dollars in contributions
Technorati Tags: Norman_Hsu, Bill_Clinton, Hillary_Clinton
Tags: Bill_Clinton, Hillary_Clinton, Norman_Hsu
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President Bill Clinton in 1997 with Democrat Party donor Hassan Nemazee on right
Talk about a culture of corruption.
Hassan Nemazee, chairman of Nemazee Capital Corp. and a fundraiser for President Barack Obama and Hillary Clinton, was arrested on charges he used phony documents to trick Citigroup Inc. into lending him as much as $74 million.
Nemazee got the loan by telling Citibank he held accounts with hundreds of millions of dollars that could serve as collateral, U.S. Attorney Preet Bharara said today in a statement. The financier used fake addresses and phone numbers controlled by him to mislead the bank, prosecutors said.
The accounts “either never existed or had been closed years before Nemazee submitted the documents referencing those accounts,†Bharara said in the statement.
Nemazee, 59, repaid the loan to Citibank yesterday, a day after he was interviewed by Federal Bureau of Investigation agents, prosecutors said. The interview took place at Newark Liberty International Airport as Nemazee was checking in for a flight to Rome.
Another favorite fundraiser of the Clinton’s, Norman Hsu is in prison on a California conviction and awaits sentencing on his federal campaign finance fraud conviction.
In the 2008 presidential campaign, Nemazee raised at least $100,000 for Clinton, and then went on to bring in at least $500,000 for Obama after he defeated her in the primary campaign, according to the Washington watchdog group Public Citizen. Clinton is now secretary of state.
Technorati Tags: Hassan Nemazee, Norman Hsu
Tags: Hassan Nemazee, Norman Hsu
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Norman Hsu, 56, is escorted into a Redwood City, Calif., courtorom, Friday, Sept. 21, 2007. Hsu on Tuesday was charged with fraud and campaign finance violations in a case that prompted Democratic presidential hopeful Hillary Clinton to return hundreds of thousands of dollars in contribution
Norman Hsu pled guilty today to ten seperate federal fraud charges.
Hsu, 58, entered his plea today in Manhattan federal court. In 1991, he pleaded no contest in California and was convicted of grand theft for stealing $1 million from investors in a scheme to buy and resell latex gloves. He failed to appear for sentencing and spent 15 years as a fugitive. He was re-arrested in 2007 and sentenced to prison by a California judge.
In the intervening years, Hsu raised hundreds of thousands of dollars for Democratic candidates and party committees, including then-U.S. Senator Hillary Clinton, the Democrat from New York and former presidential candidate who is now U.S. secretary of state, according to the Center for Responsive Politics, a Washington-based research group.
Hillary Clinton and the numerous other Democratic POLS got offf easy in the Hsu case by simply refunding the money. However, the scrutiny of Democrat political donors has been enhanced and the media is no longer content with sitting back and not following the money.
Previous:
Hillary Clinton Fundraiser Norman Hsu Sentenced to Three Years in Prison
Norman Hsu Watch: INDICTED on 15 Counts
Hillary Clinton Watch: Norman Hsu Case Postponed Amid Rumors of a Plea Deal
Hillary Clinton Watch: Unlikely Chinatown Campaign Contributions Raise More Questions
Bill and Hillary Clinton: Double Trouble
Hillary Clinton Watch: Norman Hsu Wants Plea Deal Withdrawn
Hillary Clinton Watch: Hsu Contributions Help Hillary Supporters
Michael Ramirez on Hillary Clinton and Norman Hsu
Hillary Clinton Watch: Will Return $850,000 in Norman Hsu Contributions? Maybe
Hillary Clinton Watch: Will Return $850,000 in Hsu Contributions?

Technorati Tags: Norman Hsu, Hillary Clinton
Tags: Hillary Clinton, Norman Hsu
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Is the money continuing to pour into your coffers, Chris? Good for you.
Now, that the pundits and polls were outlandishly wrong in writing off Hillary Clinton in New Hampshire, the Norman Hsu scandal will live on with a renewed Hillary campaign.
Although Hsu has been sentenced to prison in California, Flap believes the Federal investigation will come back and bite Hillary and other California politicians in the ass.
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As if last night’s third place finish in the Iowa Democrat Causcus wasn’t bad enough, Democrat and Hillary Clinton fundraiser Norman Hsu was sentenced today to three years in prison.
His troubles began dogging Sen. Hillary Rodham Clinton and other big-name Democrats last summer when news reports revealed he was a fugitive who fled the state before he was sentenced for the 1992 fraud conviction. He turned himself in on Aug. 31 — then fled again.
Federal corruption charges in New York are still pending.
Don’t be surprised if Rudy Giuliani mentions this tomorrow night at the GOP debate – Corruption in Democrat Campaigns.
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Norman Hsu, 56, is escorted into a Redwood City, Calif., courtorom, Friday, Sept. 21, 2007. Hsu on Tuesday was charged with fraud and campaign finance violations in a case that prompted Democratic presidential hopeful Hillary Clinton to return hundreds of thousands of dollars in contributions.
Flap told you that this sotry would rear its UGLY HEAD when Hillary Clinton was in the thick of Presidential politics.
Today, Norman Hsu was indicted by a federal Grand Jury and was accused of cheating investors of at least $60 million and using some of the money to to make illegal donations to political campaigns. In the 15-count indictment returned in U.S. District Court in Manhattan, the government accused the 56-year-old clothing-industry entrepreneur of duping investors nationwide with a massive Ponzi scheme. The government said Hsu also violated federal campaign finance laws by making contributions to various political candidates in the names of others.
The indictment charges Hsu, 56, with six counts of mail fraud, six counts of wire fraud and three counts of violating the Federal Election Campaign Act, which limits individual campaign contributions.
If convicted, Hsu could face 20 years in prison on each fraud charge and five years on each campaign finance charge, as well as fines, U.S. Attorney Michael Garcia said.
Will this indictment affect the Hillary Clinton Presidential campaign?
Probably not – she returned the money. But every time it is mentioned in the press it reminds voters of the sleazy conduct of her husband and former President Bill (remember Charlie Trie).
Norman Hsu and Senator Hillary Clinton
Although there my be a plea deal in the state of California, these “new” federal charges will, if Hsu is convicted, likely send him to prison for many years – unless he gives up something to federal prosecutors in return for a federal plea deal.
Might Hillary and other Democrat politicians have cause to be worried?
Perhaps
There are other legs to the Chinese connection for the Clintons to be concerned:
- Since former President Bill Clinton has not released the list of donors to his Presidential Library, might Hsu and his Chinese minions somehow be linked to donations there?
- And, if there is a growing federal criminal investigation into the New York City Chinese immigrant donations to Hillary’s campaign, there will be plenty of stories for her campaign to deflect.
Stay tuned……

Previous:
Hillary Clinton Watch: Norman Hsu Case Postponed Amid Rumors of a Plea Deal
Hillary Clinton Watch: Unlikely Chinatown Campaign Contributions Raise More Questions
Bill and Hillary Clinton: Double Trouble
Hillary Clinton Watch: Norman Hsu Wants Plea Deal Withdrawn
Hillary Clinton Watch: Hsu Contributions Help Hillary Supporters
Michael Ramirez on Hillary Clinton and Norman Hsu
Hillary Clinton Watch: Will Return $850,000 in Norman Hsu Contributions? Maybe
Hillary Clinton Watch: Will Return $850,000 in Hsu Contributions?
Technorati Tags: Hillary Clinton
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Norman Hsu is escorted into a Redwood City, Calif., courtroom, on Sept. 21, 2007. Hsu, the jailed Democratic fundraiser who spent 15 years on the lam before finally being caught, has been arguing that government authorities made such little effort to run him down while he hobnobbed prominently with Sen. Hillary Rodham Clinton and other political luminaries that his rights to a speedy trial were violated.
The case has been postponed until January but a plea deal is possible between now and then. The longer this case lingers the more POTENTIAL damage it does to Hillary Clinton’s Presidential campaign.
The federal case based out of New York seems to have legs of its own. California’s Democrat Attorney General Jerry Brown may wish this embarassment to simply go away.
Since former President Bill Clinton has not released the list of donors to his Presidential Library, might Hsu and his Chinese minions somehow be linked to donations there?
And, if there is a growing federal criminal investigation into the New York City Chinese immigrant donations to Hillary’s campaign, there will be plenty of stories for her campaign to deflect.
Stay tuned…….
Norman Hsu and Senator Hillary Clinton
Previous:
Hillary Clinton Watch: Presidential Archive Material to be Made Available to the Public?
Hillary Clinton Watch: Why Does Hillary Support Driver’s Licenses for Illegal Aliens?
Illegal Immigration Watch: The Issue the Democrats Dread
Hillary Clinton Now Supports Drivers Licenses for Illegal Aliens
Hillary Clinton Flip Flops on Drivers Licenses for Illegal Aliens

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