09 Sep
Posted by MacRanger as Hillary Clinton, Norman Hsu
Perhaps I spoke to soon when it appeared that MSM was attempting to ignore the Norman Hsu scandal. As I said before everyday we’re digging up more and more conduits of money funnels that Hsu used to give to Democrat candidates all in everything from local races up to Presidential candidates such as Hillary Clinton.
However, that may be changing as the scandal grows so large not even uber biased MSM can miss out on the intrigue. Today’s NY Times has a large article on Hsu’s Shadowy Money Trail. It’s actually a very good article and exposes even more connections and adds another twist, and one which we hadn’t considered before. To wit: was the money that Hsu funneled his money and if not where did he get it.
“At the center of the ever-deepening mystery of Norman Hsu, the fugitive fund-raiser who was captured after a brief flight from the law last week, is the question of how he evolved from a bankrupt swindler in 1992 to a wealthy donor to many Democratic candidates, and a bundler of campaign contributions to Senator Hillary Rodham Clinton in 2007.
A review of financial records for one of Mr. Hsu’s companies begins to shed light on some of his recent activities, including his dealings with a circle of campaign contributors that has fallen under suspicion since news of Mr. Hsu’s criminal past, murky business interests and unexplained riches rocked the Democratic Party.
The records show that Components Ltd., a company controlled by Mr. Hsu that has no obvious business purpose and appears to exist only on paper, has paid a total of more than $100,000 to at least nine people who made campaign contributions to Mrs. Clinton and others through Mr. Hsu. The payments occurred in the spring of 2003, several months before Mr. Hsu emerged as a contributor to Democrats and more than a year before he started bundling checks from those same people for various campaigns. In all, he has raised more than $1 million for Democrats.”
At the crux of the 1996 scandal was whether or not the Chinese government traded money for nuclear technology campaign contributions to the Clinton/Gore campaign. Let’s review via “The Idiot’s Guide to China Gate”.
“In his book “The China Threat,” Washington Times correspondent Bill Gertz describes how the system worked.
Defense contractors eager to sell technology to China poured millions of dollars into Clinton’s campaign. In return, Clinton called off the dogs. Janet Reno and other counterintelligence officials stood down while Lockheed Martin, Hughes Electronics, Loral Space & Communications and other U.S. companies helped China modernize its nuclear strike force.
“We like your president. We want to see him re-elected,” former Chinese intelligence chief Gen. Ji Shengde told Chinagate bagman Johnny Chung.
Indeed, Chinese intelligence organized a massive covert operation aimed at tilting the 1996 election Clinton’s way.
Clinton’s top campaign contributors for 1992 were Chinese agents; his top donors in 1996 were U.S. defense contractors selling missile technology to China.
Clinton recieved funding directly from known or suspected Chinese intelligence agents, among them James and Mochtar Riady, who own the Indonesian Lippo Group; John Huang; Charlie Trie; Ted Sioeng; Maria Hsia; Wang Jun and others.
Commerce Secretary Ron Brown served as Clinton’s front man in many Chinagate deals. When investigators began probing Brown’s Lippo Group and Chinagate connections, Brown died suddenly in a suspicious April 1996 plane crash.”
Ok, sans the rehashing of Ron Brown’s demise, we know via this article of Hsu’s connection to China Gate figures, which brings us around to the question again, “Where did the money come from that Hsu used”. There is no explanation from cursory looks at his financials, and at this point I would wage that it’s the same stream of funding used in 1996.
One thing is evident the story is growing and not soon to go away. One the other intriguing developments is the supposed suicide attempt of Hsu which I don’t buy for a minute. While it’s just a gut feeling “staged suicide” is a common way of enforcing exit used by Chinese agents.
It would explain that - while not being published - there is extreme security surrounding Mr. Hsu until he can be brought back to California. I believe that one of the reasons that the feds dropped the interstate charges of flight against him was to position to place him in protective custody.
Just a hunch, but we’ll see.
No Response
oneuno
September 9th, 2007 at 2:19 pm
1I have no personal knowledge of Mr. Hsu,but my instincts tell me that possibly his source of income is somehow linked to George Sorros and Moveon.org.
Get to the Truth
September 9th, 2007 at 3:45 pm
2The big question is not were did the money come from but what did they want for their money.
No one is asking what they wanted for the millions of dollars they spent.
Some one paid a lot of money to these Dems and they did it illegally what were they spending the money for?
It easy for Hillary etc to brush this off as they know nothing, unless they are asked what did Hu try to buy with all this illegal money.
retire05
September 9th, 2007 at 5:27 pm
3Mac, add to the Hsu intrigue this shady character who was given an award in CA:
http://abclocal.go.com/kgo/story?section=local&id=5643329
clarice
September 10th, 2007 at 7:36 am
4From today’s LAT:
WASHINGTON — The FBI has begun examining a murky business venture run by disgraced Democratic fundraiser Norman Hsu that paid out hefty profits over the last several years to investors, some of whom were pressed to make contributions to Hillary Rodham Clinton and other political candidates.
Sources told The Times on Sunday that a number of participants and their associates in Southern California and elsewhere had been in contact with the FBI about an investment pool operated by Hsu.
One associate, Irvine businessman Jack Cassidy, said he had tried to warn authorities and the Clinton campaign as early as June that he feared Hsu was running an illicit enterprise, but had gotten no response.
“Nobody picked up the ball,” said Cassidy, who was not an investor but heard about Hsu’s business from a friend.
Clinton campaign spokesman Howard Wolfson declined to respond to Cassidy’s claim, saying only that the campaign had conducted a background check of Hsu, who has emerged in the last three years as one of the Democratic Party’s biggest fundraisers.
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