Hsu Indicted by NY Grand Jury

by Stephan Tawney on December 4, 2007

hsu.jpg

A total of 15 counts for the Hillraiser and top Democratic fundraiser, including cheating investors and illegal donations.

NEW YORK – A federal grand jury on Tuesday indicted Norman Hsu, a top Democratic fundraiser accused of cheating investors of at least $20 million and using some of the money 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.

Prosecutors charge Hsu made illegal donations through other people.

Others: Michelle Malkin.



Leave a Reply