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Norman Hsu's Shady History
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hillarynews
Joined: 24 Jan 2007
Posts: 2255
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 Posted: Thu Sep 20, 2007 2:00 am Post subject: Norman Hsu's Shady History |
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 Norman Hsu's Shady History
The first time Norman Hsu got in serious trouble with the law, he was an unassuming Foster City businessman - a guy with a nervous tic, sloppy clothes and vague ties to some shady characters, who worked out of borrowed Oakland office space and promoted oddball investments.
Category: Top Story
Hsu's profile nearly two decades ago was a far cry from the sharply tailored figure who went on to raise more than $1.5 million for top Democratic politicians around the nation, treated Hillary Clinton campaign staffers to a weekend in Las Vegas and sometimes arrived at Silicon Valley fundraisers with an entourage that included attractive young women.
The jailed 56-year-old Hsu is set to appear today in a Mesa County, Colo., courtroom, where he is expected to waive extradition to the Bay Area for sentencing in a 1989 fraud that took advantage of friends, family and associates from Fremont to San Francisco.
And with authorities now probing more recent ventures in Southern California and New York, it appears the Ponzi scheme that Hsu carried out in the Bay Area may have set the pattern for his financial dealings in the years to come. It was a pattern that allowed a former small-time con artist to rub shoulders with would-be presidents at swank Manhattan hotels and Silicon Valley mansions.
Hsu's new life began unraveling last month after the Wall Street Journal exposed possible illegalities in his prolific political fundraising. The man who was on the lam for 15 years found his name splashed across national headlines. He surrendered to authorities earlier this month only to disappear and resurface on a train in Colorado.
Interviews and court records paint a picture of a man who for 20 years skipped from one questionable investment to the next, escaping just in time to avoid enraged investors, and popping up elsewhere to peddle new schemes to increasingly more influential people.
Read more...
Source: The Hillary Project
Description: reporting the news about Hillary that the media refuses to |
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