Democratic Fund-Raiser Hsu Indicted
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
A federal grand jury yesterday indicted Norman Hsu, a top Democratic fund-raiser and former fugitive accused of cheating investors of at least $20 million and using some of the money to make illegal donations to political candidates including Senator Clinton.
In the 15-count indictment returned in U.S. District Court in Manhattan, the government accused the 56-year-old clothing industry entrepreneur of duping investors nationwide with a Ponzi scheme.
The government said Hsu also violated federal campaign finance laws by making contributions to various political candidates in the names of others. A message left with a lawyer for Hsu was not immediately returned.
