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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (15210)	9/20/2007 2:45:03 PM
From: Ann Corrigan	Respond to of 224733

Diddlysquat: Hsu violates campaign-finance laws >Tied to Democratic Fund-Raising By IANTHE JEANNE DUGAN September 20, 2007 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. See a sortable table of campaign donations from Norman Hsu and other donors whose pattern of donations correlates with his. A lawyer and a spokesman for Mr. Hsu did not immediately return calls for comment this morning. The case comes several weeks after a Wall Street Journal story called attention to Mr. Hsu's suspicious fund-raising activities. The story focused on a house near San Francisco airport that Mr. Hsu once listed as his address. A family currently living in the home, the Paws, gave tens of thousands of dollars to Democratic candidates, often in the same increments and on the same dates as with Mr. Hsu. Some of the money that Mr. Hsu donated generously to candidates appears to have come from the business schemes that federal officials are expected to allege were fraudulent. One involves a New York private-equity firm called Source Financing Investors, which says it is missing $40 million it recently invested with Mr. Hsu. Source Financing complained to the New York district attorney two weeks ago, and filed a suit against Mr. Hsu and two of his companies in New York State Supreme Court.