The final Hsu has dropped on Hillary's bagman.
Norman Hsu, a former top fundraiser for the Democratic Party and convicted Ponzi scheme operator, was found guilty Tuesday of illegally funneling tens of thousands of dollars to candidates for federal office by pressuring investors to donate to his favored candidates.Mrs. Clinton, off practicing smart diplomacy somewhere, was unavailable for comment.
Earlier this month, Hsu pleaded guilty to wire fraud and mail fraud charges in a Ponzi scheme that prosecutors said raised at least $60 million and swindled investors out of at least $20 million. He faces up to 20 years in prison on each fraud count. Sentencing on all of the charges is set for Aug. 19.
Prosecutors had alleged Hsu, in order to raise his public profile, pressured some investors in the Ponzi scheme between 2004 and 2007 to individually contribute thousands of dollars to candidates for president and Congress whom Hsu supported, including Hillary Clinton.
Hsu illegally reimbursed some investors for making those contributions, skirting campaign finance laws, prosecutors said.
In 2007, Mrs. Clinton's campaign agreed to return $850,000 in funds raised through Hsu. Mrs. Clinton has since been named U.S. Secretary of State.