Psycho4Bud
09-21-2007, 02:51 AM
A top fundraiser to presidential hopeful Hillary Clinton and other Democratic lawmakers was on Thursday charged with defrauding investors of more than $60m (�43m, £30m) and violating campaign finance rules.
The US attorney in Manhattan said Norman Hsu perpetrated a "massive" Ponzi scheme in which he convinced his victims to invest in companies but failed to invest the money in the manner he had promised.
Mr Hsu was also accused of making his investors believe their relationship with him â?? and their investments â?? would suffer if they failed to make political contributions to candidates he supported.
Fundraiser on fraud charge - Financial Times - MSNBC.com (http://www.msnbc.msn.com/id/20897435/)
:beatdeadhorse:It's not that the Dems can't win, it's just that they always find a way to lose.:S2:
Have a good one!:s4:
The US attorney in Manhattan said Norman Hsu perpetrated a "massive" Ponzi scheme in which he convinced his victims to invest in companies but failed to invest the money in the manner he had promised.
Mr Hsu was also accused of making his investors believe their relationship with him â?? and their investments â?? would suffer if they failed to make political contributions to candidates he supported.
Fundraiser on fraud charge - Financial Times - MSNBC.com (http://www.msnbc.msn.com/id/20897435/)
:beatdeadhorse:It's not that the Dems can't win, it's just that they always find a way to lose.:S2:
Have a good one!:s4: