Hsu Indicted on 15 Counts

In an even more shocking development, he's identified as a Democrat fundraiser in the headline!

Democratic fundraiser Norman Hsu was charged on Tuesday with fraud and campaign finance violations for swindling investors out of at least $20 million and making illegal donations to U.S. political campaigns.

The 15-count indictment expands upon charges filed in September, in a case that prompted Democratic presidential hopeful Hillary Clinton to return $850,000 in contributions.

Hsu's lawyer did not immediately return a request for comment.

U.S. Attorney Michael Garcia in Manhattan accused Hsu of engineering a $60 million Ponzi scheme. The indictment charges Hsu with six counts of mail fraud, six counts of wire fraud and three counts of violating the Federal Election Campaign Act, which limits individual campaign contributions.

If convicted, the 56-year-old Hsu could face 20 years in prison on each fraud charge and five years on each campaign finance charge, as well as fines, Garcia said.

In September, Hsu had been charged with one count of mail fraud and wire fraud, and one count of violating campaign finance laws.

More from Michelle Malkin, Suitably Flip, A Blog For All.

Previously on Hsu and Mrs. Clinton's dubious fundraising.