Random Liberal Quotes...
"What is at stake is how to answer the potential threat Iraq represents with the risk of proliferation of WMD. Baghdad's regime did use such weapons in the past. Today, a number of evidences may lead to think that, over the past four years, in the absence of international inspectors, this country has continued armament programs." -- Jacques Chirac, October 16, 2002
Fashion Companies Nothing But Spats For Hsu
|
|
|
hillarynews
Joined: 24 Jan 2007
Posts: 2255
|
 Posted: Wed Sep 12, 2007 6:26 am Post subject: Fashion Companies Nothing But Spats For Hsu |
 |
|
|
 Fashion Companies Nothing But Spats For Hsu
The New York Times has its reporters wearing out some old-fashioned shoe leather in attempting to trace down the source of Norman Hsu's prodigious amounts of money, used to float $1.6 million in personal and bundled contributions to Democratic candidates and organizations. The result? The Times discovered that the companies Hsu listed appear to have only one produce -- salaries for Democratic contributors: At the center of the ever-deepening mystery of Norman Hsu, the fugitive fund-raiser who was captured after a brief flight from the law last week, is the question of how he evolved from a bankrupt swindler in 1992 to a wealthy donor to many Democratic candidates, and a bundler of campaign contributions to Senator Hillary Rodham Clinton in 2007.
Category: Top Story
A review of financial records for one of Mr. Hsu’s companies begins to shed light on some of his recent activities, including his dealings with a circle of campaign contributors that has fallen under suspicion since news of Mr. Hsu’s criminal past, murky business interests and unexplained riches rocked the Democratic Party.
The records show that Components Ltd., a company controlled by Mr. Hsu that has no obvious business purpose and appears to exist only on paper, has paid a total of more than $100,000 to at least nine people who made campaign contributions to Mrs. Clinton and others through Mr. Hsu. The payments occurred in the spring of 2003, several months before Mr. Hsu emerged as a contributor to Democrats and more than a year before he started bundling checks from those same people for various campaigns. In all, he has raised more than $1 million for Democrats.
The records make clear that the group was more than just a loose collection of friends, family and co-workers that bundlers typically rely on when raising money for a candidate. Rather, each person had a direct financial relationship with Mr. Hsu, either receiving money from his company or paying into it, even though many of them appear to have other jobs or businesses independent of him. The purpose of the payments, and whether they related to business costs, fees or expenses, is unclear.
The system described by Mike McIntyre is one that resembles a pyramid scheme, except the only payoff participant were Democratic candidates and organizations. The companies existed to take money from various people and push it through others to get the money to Hsu's political clients. It allowed the money to come through cleanly and to keep it from raising the attention of the FEC.
Read more...
Source: The Hillary Project
Description: reporting the news about Hillary that the media refuses to |
|
| Back to top |
|
|
|
|
Add this topic to your bookmarks
|
You can post new topics in this forum
You can reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
|
|
|
|
|
|
