Major Democratic donor Norman Hsu has been convicted on four counts of campaign finance fraud, having funneled more than $98,000 in donations to Democrats such as Secretary of State Hillary Clinton.

Prosecutors said Hsu used campaign donations to win accolades from prominent politicians, which he used to lure new investors into his Ponzi scheme. They offered evidence that he made illegal reimbursements to six of his investors who contributed funds to politicians including then-U.S. Senator Hillary Clinton of New York and then-U.S. Representative Harold Ford of Tennessee.“Norman Hsu is directing where donations are going to go,” Assistant U.S. Attorney Alex Willscher told jurors in closing arguments yesterday.

This, in conjunction with Hsu’s guilty plea to running a Ponzi scheme last week, may net the infamous donor about 30 years in prison.

The irony is that Hsu is one of the smallest of financial-related criminals in the system today. I’m pretty sure there are members of Congress (*cough* Jack Murtha *cough*) who deserve a few indictments of their own.