As Allah says, credit where credit is due. The Los Angeles Times and New York Times have been doing an excellent job covering this story. Of course, the same can’t be said for CNN, MSNBC, or even Fox News. Craig plead guilty to lewd conduct a few months back, and that gets plastered all over. Several top Democratic candidates for President receive a large amount of money from a fugitive, turning out that Democrats have received large amounts over the years from him. That story? Well, check out the news sites.
The LA Times had more on Hsu today:
Hsu’s history includes more unsavory episodes and associations. In 1990, he allegedly was kidnapped by Chinese gang members in San Francisco as part of an apparent effort to collect a debt. A year and a half later, he pleaded no contest to a charge of fleecing investors in what authorities called a Ponzi scheme of fraud. Along the way, he left a bankruptcy filing and bitter investors who accused him of making off with their savings…
An ex-girlfriend — who is identified in court records but who asked not to be named in news accounts for fear of reprisal — said Hsu had conned her out of nearly $100,000. “He took advantage of me,” she said…
[Hsu’s attorney, E. Lawrence] Barcella said Hsu returned to California in 1996 and made a series of successful investments in Silicon Valley — which accounts for Hsu’s ability to contribute so heavily to Democratic causes in recent years, Barcella said. Hsu also continued to be involved in the apparel business, Barcella said.
But details about Hsu’s activities since 1996 are elusive. Unlike in the 1980s, when Hsu’s name appeared in a flurry of business and court records, there is scant evidence that he was actively launching businesses or making contributions to politicians…
Hsu was affiliated with two businesses — Components Ltd. and Coopgors Ltd. — that have listed addresses on Fifth Avenue. But the building actually houses luxury apartments, not commercial offices, according to a doorman, who has worked there for the last 15 years. The doorman said Hsu lived in the building for a few years but moved out about four years ago.
A few blocks away on Broadway Avenue, office mates on the 10th floor of a building listed as the address for five of Hsu’s businesses said they had last seen him this week, when he picked up his mail.
He moved into the office about two years ago but never unpacked his boxes, said Ken Mulligan, 31, a sales executive for J.P. Doumak, a fabric supplier. He said Hsu would not visit the office space for months, then would show up for a few hours, say “hello,” check his mail, make a few phone calls and leave.
And The NYT writes:
There were no offices in buildings in New York’s garment district whose addresses were given for businesses with names like Components Ltd., Cool Planets, Next Components, Coopgors Ltd., NBT and Because Men’s clothing — all listed by Mr. Hsu in federal filings at different times.
At a new loft-style residential condominium in SoHo that was also listed as an address for one of his companies, an employee there said that he had never seen or heard of Mr. Hsu. Another company was listed at a condo that Mr. Hsu had sublet in an elegant residential tower in Midtown Manhattan just off Fifth Avenue, but an employee there said Mr. Hsu moved out two years ago, after having lived there for five years. The employee, who was granted anonymity because he was not authorized to talk about residents, said he recalled that Mr. Hsu had received a lot of mail from the Democratic Party.
The other day, I questioned how no one knew where Hsu was over 15 years. This makes that question even more important. Hsu was in the top 20 Democratic donors in the nation. He raised about $1 million just for Clinton’s Senate campaign. He hosted fancy parties, was listed as a top Hillraiser, and donated to local politicians as well.
This is all getting very strange.


by Stephan Tawney on August 31, 2007