26 Sep
Posted by MacRanger as 2008 Election, Hillary Clinton, Norman Hsu, corrupt democrats
It’s long past the “we are shocked!” response from the Hillary camp as more and more we see their knowledgble involvement in the growing Hsu scandal.¬† With all the talk of “Who will stop Hillary”, it may just be a lonely and unstable con man who got sloppy.
The Boston Globe brings us the latest installment:
“Disgraced fund-raiser Norman Hsu did a lot more than just pump $850,000 into Hillary Clinton’s campaign bank account: He also raised hundreds of thousands of dollars for local, state, and federal candidates who have endorsed Clinton or whose support she courted.
A major fund-raiser for Democrats since 2003, Hsu became one of Clinton’s biggest bundlers - gathering scores of individual checks and sending them to her campaign. But since revelations last month that Hsu was a fugitive in a 15-year-old California fraud case, Clinton has said she would return the $850,000 she has taken from him and his associates.
In at least some cases, Clinton or her aides directly channeled contributions from Hsu and his network to other politicians supportive of her presidential campaign, according to interviews and campaign finance records. There is nothing illegal about one politician steering wealthy contributors to another, but the New York senator’s close ties to Hsu have become an embarrassment for her and her campaign.
Last fall, as the Nevada governor’s race was heating up, Clinton agreed to help raise money for Democrat Dina Titus, a prominent party leader in a state that holds a key early presidential caucus. Clinton arranged for Hsu, at the time a little-known New York apparel executive with no apparent reason to take interest in Nevada politics, to give Titus $5,000 on Nov. 3, according to a person with knowledge of Clinton’s fund-raising.
And in February, when former Iowa governor Tom Vilsack ended his own White House bid, he was about $450,000 in the red. A month after dropping out, Vilsack endorsed Clinton, and Clinton agreed to help him retire his debts. (Both insisted there was no quid pro quo.)
Over the next few months, some of Clinton’s biggest fund-raisers gave Vilsack checks, including Hsu, who kicked in the maximum allowable contribution, $2,300, on May 3 after attending an event organized by Clinton’s campaign, Newsweek reported this month. An associate of Hsu’s, Paul Su, chipped in $1,000 on the same day.
In other cases, Clinton helped direct Hsu’s money to influential politicians who have yet to endorse her but hail from key presidential primary states. Clinton raised at least $6,000 from Hsu and his network last year for Governor John Lynch of New Hampshire, according to Lynch aides. Lynch has no plans to endorse anyone before the state’s crucial January primary, aides said.
And at least some of the $17,000 that Governor Jennifer Granholm of Michigan collected from Hsu and his associates in 2005 and 2006 stems from a Nov. 29, 2005, fund-raising reception for her hosted by Steven Rattner, a New York investment firm executive and major Clinton donor seen as a candidate for US Treasury secretary if Clinton wins. Granholm’s office said she has not made an endorsement decision.
Clinton’s campaign acknowledged that they urged Hsu to give to fellow Democrats.”
This is has gone far beyond just a “vetting issue”. ¬† The feds are looking to twist Hsu for more information in return for lighter treatment. ¬† The FBI has been pouring over financial records of the Paws and other shadow donor families and we should be hearing about that soon.¬† The addition of campaign finance charges on top of the ponzi charges in New York this week is about to throw this entire story on the front pages - it will be unavoidable.
The pressure to come clean and name names is also growing among others who had similar experiences with Hsu as indicated here in the Washington Post:
“Irvine, Calif., businessman Jack Cassidy told the FBI that he sent at least three e-mails to a Clinton campaign official on the West Coast this summer, specifically raising concerns that Hsu was engaged in a risky investment scheme and was using Hillary Clinton’s name “in vain” to solicit people for his business proposition, according to a person directly familiar with the matter.
Cassidy’s concern was that Hsu was using the Clintons to give credence to his business venture, the source said, speaking only on the condition of anonymity because of the ongoing FBI inquiry.
Cassidy also raised his concerns with local police, the local prosecutor, California Democratic Party officials and the FBI, which dispatched agents to interview him and collect documents in recent weeks about Hsu’s business and fundraising activities.”
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Cornhusker
September 26th, 2007 at 12:25 pm
1http://www.newsday.com/news/local/wire/newyork/ny-bc-ny–democraticfundrai0926sep26,0,6418131.story
NEW YORK - A judge has frozen bank accounts and sealed the Manhattan apartment of Norman Hsu at the request of investors who say the jailed political fundraiser stole $40 million from them.
State Supreme Court Justice Shirley Kornreich granted the application of attorney Ronald Minkoff to attach Hsu’s accounts at Bank of America and Metrobank New York and to seal his apartment on Wooster Street in Lower Manhattan.
The judge said Minkoff’s client, Source Financing Investors LLC, had to post a $150,000 bond in case Hsu is improperly damaged by the asset freeze.
Minkoff said in court papers that he wanted asset attachment orders to include funds donated to the campaigns of presidential candidate Hillary Rodham Clinton, Gov. Elliot Spitzer, state Attorney General Andrew Cuomo and Rep. Kirsten Gillibrand, D-N.Y.
The judge did not act on that request because no one was in court to represent the politicians. Minkoff said he had not told them about proceeding after speaking to their offices by telephone.
The lawyer told Kornreich that Clinton’s people said she had sent back all money contributed by Hsu; that Gillibrand’s people said she had given the money to charity; that Cuomo’s camp is holding the money while trying to work out an escrow arrangement, and that he had not heard from Spitzer’s people.
Minkoff said outside court he simply did not know whether Kornreich would have the authority to order recipients of Hsu’s largesse to return the money.
Kornreich and Minkoff agreed that any action federal investigators and prosecutors decide to take with regard to Hsu would preempt her orders.
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