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Hsu associates touted his connections
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hillarynews
Joined: 24 Jan 2007
Posts: 2255
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 Posted: Thu Dec 06, 2007 2:00 pm Post subject: Hsu associates touted his connections |
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 Hsu associates touted his connections
Documents show how the fundraiser's network pitched the deals that allegedly turned his Clinton ties into gold.Democratic fundraiser Norman Hsu reveled in his role as friend to Bill and Hillary Clinton.As Hsu raised more than $800,000 for Sen. Hillary Rodham Clinton's presidential campaign, the couple praised him at star-studded events and showered him with thank-you notes. Hsu often wore a bomber jacket that bore the presidential seal, a gift from the former president, he told associates.
Category: Top Story
Documents show how the fundraiser's network pitched the deals that allegedly turned his Clinton ties into gold.Democratic fundraiser Norman Hsu reveled in his role as friend to Bill and Hillary Clinton.As Hsu raised more than $800,000 for Sen. Hillary Rodham Clinton's presidential campaign, the couple praised him at star-studded events and showered him with thank-you notes. Hsu often wore a bomber jacket that bore the presidential seal, a gift from the former president, he told associates.But Hsu's turn in the political limelight was about more than ego gratification.Documents obtained by the Los Angeles Times show how Hsu's business associates traded on his connections -- going so far as to claim that former President Clinton was a Hsu client -- to lure investors into a scheme that took in tens of millions of dollars nationwide.A marketing brochure distributed by an Orange County firm to attract investors to Hsu's business claimed the 56-year-old Hong Kong native's "extensive political investment community includes former President Bill Clinton, who continues to invest to this day."Howard Wolfson, a Clinton spokesman, denied that the former president had invested with Hsu. And Sen. Clinton's financial disclosure statements show no investments or income from Hsu for her or her husband.Still, as a marketing tactic, the claim may have worked all too well: A Southern California couple recently filed a lawsuit saying they lost more than $3 million in a Hsu-run Ponzi scheme -- based in part on the brochure's promises.
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Source: The Hillary Project
Description: reporting the news about Hillary that the media refuses to |
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