Hsu likely to face criminal charges in NY
Posted: Thursday, September 20, 2007 10:39 AM by Mark Murray
Filed Under:
Courts, 2008, Clinton
From WNBC's Jonathan Dienst and NBC's Mark Murray
Federal prosecutors in New York are expected to announce criminal charges against Democratic fundraiser
Norman Hsu later today, sources tell
WNBC.com. Hsu is expected to be charged with orchestrating a $60 million "Ponzi Scheme" and engaging in widespread campaign finance violations. Hsu has been a key Democratic Party fundraiser in recent years donating large amounts including to the campaign of
Hillary Clinton.
There is other Hsu news today... The Los Angeles Times reports that Hsu "waived extradition in a Colorado courthouse and was expected to be returned to California as early as" today.
And the Washington Post writes, "Last night, a group of New York investors who entrusted Hsu with more than $40 million, believing they were financing a clothing venture, filed a lawsuit alleging that he cheated them out of their money."