Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (241677)	9/12/2007 11:40:25 PM
From: Hope Praytochange	Respond to of 281500

Mr. Hsu, a major bundler of campaign contributions for Senator Hillary Rodham Clinton’s presidential campaign, was arrested last week after skipping a court appearance related to the 1991 fraud case. It was the second time he had vanished, the first being in 1992 when he was due to be sentenced to up to three years in prison on the fraud conviction, but fled and went on to start a new life as a businessman and later as a political fund-raiser in New York. He turned himself in last month after news accounts revealed an outstanding warrant for his 1992 disappearance. Since then, further disclosures have raised questions about the nature of his businesses and how he was able to raise hundreds of thousands of dollars for Democratic campaigns. Mr. Hsu presented himself as an apparel executive, but little public information was available for his company, Components Ltd., which accepted the $40 million investment from Source Financing Investors. Financial records for Components Ltd. reviewed by The New York Times show that in 2003 it paid more than $100,000 to nine people who later made campaign contributions to Mrs. Clinton and other candidates. The records revealed a pattern of transactions — a flurry of transfers and checks, some of which bounced, totaling about $600,000 in a single month — that was similar in many respects to what was described in court records relating to the Ponzi scheme for which Mr. Hsu was convicted. Yesterday, an investor in California whose name was found in the financial records said she feared that $40,000 she had invested with Mr. Hsu was gone. The woman, who described her concerns on condition that she not be identified, said that she initially reaped impressive returns — paid out every two to three months — on her investments, but that she had recently been unable to find out what had happened to her money.http://www.nytimes.com/2007/09/13/us/politics/13hsu.html?hp