This is what I call entertainment. From the New York Times:
Norman Hsu, the Democratic fund-raiser with a habit of fleeing the law, confessed to FBI agents last week that he had pressured investors in what he now admits were phony business deals to contribute to political campaigns, prosecutors said in an indictment that was unsealed today.
The complaint, filed in Federal District Court in Manhattan, accused Mr. Hsu of bilking at least $60 million from hundreds of investors in a nationwide Ponzi scheme, and using some of that money to illegally reimburse at least two people who made a total of $60,000 in campaign donations at his request.
While the complaint did not specify which candidates received the illegal or coerced contributions, federal authorities confirmed that one of them was Senator Hillary Rodham Clinton. Her presidential campaign has said it intends to return $850,000 to more than 200 people whose donations were bundled by Mr. Hsu.
Now I should say at this point that I do not think Senator Clinton is likely to be implicated in any wrong doing, or that this scandal is the fault of her campaign. It is the fault of campaign finance reform, which virtually guarantees employment for people with Mr. Hsu's unique set of skills.
Recent Comments