Norman Hsu news stories on Newser

Clinton Donors Caught Up in Criminal Cases

Evann Gastaldo — Mon, 21 Feb 2011 11:43:05 CST

A number of Hillary Clinton’s top fundraisers are now caught up in criminal cases, including Galen Capital Group Chairman William P. Danielczyk Jr., who was indicted last week. There are now four major federal cases involving six defendants who raised a total of more than $1.1 million for Clinton’s...

Dem Donor, Ponzi Schemer Hsu Gets 24 Years

Harry Kimball — Wed, 30 Sep 2009 09:32:00 CDT

Norman Hsu is a man of many hats, but the Hillary Clinton fundraiser extraordinaire, Ponzi schemer, and onetime fugitive has been sentenced to wear them in prison for the next 24 years. While significantly less than the 30 years prosecutors had asked for, Hsu’s lawyer tells the Wall Street Journal...

Hsu Guilty of Squeezing Donors for Campaign Cash

Matt Cantor — Tue, 19 May 2009 11:28:28 CDT

Ponzi schemer and Democratic fundraiser Norman Hsu has been convicted of campaign finance fraud after two days of jury deliberations, the Wall Street Journal reports. Prosecutors said Hsu had pushed his investors to donate tens of thousands to his chosen political candidates, including Hillary Clinton, between 2004 and 2007. Hsu...

Dem Donor Hsu Pleads Guilty to $20M Fraud

Ambreen Ali — Thu, 07 May 2009 11:26:03 CDT

Democratic fundraiser Norman Hsu pleaded guilty today to 10 counts of wire and mail fraud related to an alleged $20 million Ponzi scheme. Prosecutors say Hsu, now 58, bullied victims into contributing to political causes and made illegal donations to politicians like Hillary Clinton, who eventually returned $850,000. His...

Dem Donor Gets 3 Years for Grand Theft

Kevin Langbaum — Fri, 04 Jan 2008 21:14:45 CST

More than 15 years after pleading no-contest to grand theft charges, Democratic fundraiser Norman Hsu was sentenced in California to 3 years in prison today, the San Francisco Chronicle reports. A judge dismissed Hsu's argument that he was denied the right to speedy justice because authorities made little effort to...

Trail of Hsu's Ambition Leads to Prison

Jonas Oransky — Mon, 12 Nov 2007 13:35:00 CST

After several failed business schemes in the 1980s and 1990s, Norman Hsu went home to Hong Kong to recoup and plan an ego-boosting second try at the American fast lane. The Journal fills in the gaps in Hsu’s story, revealing the busted bundler as a capable manipulator obsessed with respect—...

41% Can't Name a GOP Hopeful

Jonas Oransky — Wed, 24 Oct 2007 18:14:37 CDT

At least the GOP presidential candidates can rest assured some voters haven’t heard about abortion rights flip-flops or serial divorces: A new Pew poll found only 59% of Americans can even name a Republican hopeful. But unfortunately for Norman Hsu and expensive haircuts, fully 81% of Americans could remember a...

Bundling Hits Its Stride

Jonas Oransky — Thu, 18 Oct 2007 12:38:53 CDT

Bundlers have become the stars of 2008 campaign fundraising, the accounting for one-quarter of all money raised in the presidential race—up from 8% in 2000. Donors sought new inroads when soft money was restricted, and the gathering of donations has become “the chief source of abuse,” says Wall Street...

Disgraced Fundraiser 'a True Bon Vivant'

Jonas Oransky — Thu, 11 Oct 2007 15:29:31 CDT

Erstwhile fugitive fundraiser Norman Hsu had a taste for the finer things, including a 180-bottle wine collection valued at $100,000 and a saxophone seemingly signed by President Bill Clinton. Those items were in the outlaw bundler’s New York apartment, according to newly unsealed documents. One expert tells the Los...