The 58-year-old Norman Hsu was indicted in 2007 on charges of cheating investors of at least $20 million in what prosecutors say was a huge Ponzi scheme
Former top Democratic fundraiser Norman Hsu has told a federal judge in Manhattan he will plead guilty to 10 counts of wire and mail fraud.
The 58-year-old Hsu (CHOO’) was indicted in 2007 on charges of cheating investors of at least $20 million in what prosecutors say was a huge Ponzi scheme. He had been scheduled to go on trial Monday.
The government also says he made illegal donations to politicians including Hillary Clinton. Her Senate campaign later returned money linked to him.
Prosecutors say he pressured his victims to contribute to political candidates as a way to raise his public profile so he could attract more investors.
Hsu has been jailed since he was arrested in 2007.
I signed up for an account on President-elect BO’s site right after the election just to keep an eye on the opposition, so I receive emails on a dummy account targeting me as a supporter (don’t you believe it.)
Well, today I log into the account and guess what I see. BO is raffling off tickets to his inauguration! I can’t help but think about the movie, The Sting, with Robert Redford.
Straight from the streets of Chicago, here comes a numbers game from the White House. What’s next, shooting dice in the Oval Office?
Thanks to you, President-elect Obama and Vice President-elect Biden will take their oaths of office in just 17 days.You helped shape history, and now you can be a part of it.Ten supporters and their guests will be selected to come to Washington, D.C. for several days of inaugural events. You could be chosen to fly to Washington, attend the welcome ceremony, the Inaugural parade, the swearing-in, and an official Inaugural ball.Donate $5 or more now. You could be part of the historic events you made possible.This inauguration will be open to hundreds of thousands of people. To do that, it takes unprecedented resources.
In the past, inaugurations have been funded by lobbyists and corporations making six-figure contributions. Like our campaign, this inauguration is going to be different. But that means, once again, Barack and Joe need to ask you for your help.
Supporters like you made this possible, and with your help Barack and Joe will run their administration without the influence of big money from Washington lobbyists or special interests. Funding the Inauguration this way is another example of the change you helped bring to Washington.
It’s up to you, at this crucial moment, to make the Inauguration a success and give change a strong start.
Make a donation of $5 or more now for the opportunity to join Barack and Joe at the beginning of this historic journey to change our country:
Thank you for your extraordinary efforts throughout the campaign.
Happy New Year,
Obama for America
P.S. — You can participate without donating. We recognize this day is as important as it is historic, and we want to hear in your words what this inauguration means to you.
Don’t you just love this guy? He just may refurbish one wing of the White House as a casino.
What a hustler.
Team Obama: Still grubbing–Michelle Malkin