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Scores dead as drone hits S. Wazoo Mehsud stronghold
Today's Headlines
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Page 6: Politix
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Home Front: Politix
Clinton fundraiser pleads guilty to fraud
[Iran Press TV Latest] A former fundraiser for the Democratic Party and Hillary Clinton's presidential campaign has pleaded guilty to running a fraudulent multimillion-dollar investment scheme.

Norman Hsu pleaded guilty to five counts of mail fraud and five counts of wire fraud at a hearing before a federal judge in Manhattan on Thursday. Hsu admitted to taking money from investors, promising them high returns and then using later investment money to make payments, The New York Times reported on Friday.

"I knew what I was doing was illegal," Hsu acknowledged. Hsu would face up to 20 years in prison on mail and wire fraud charges.

He has not pleaded guilty to campaign finance fraud and his trial on those charges is scheduled to begin Monday.

Investigators say Hsu took in as much as $60 million and defrauded investors of about one-third of this amount. Prosecutors say Hsu used straw donors to make campaign contributions and then repaid them.

In 2007, Hillary Clinton's campaign agreed to return $850,000 in funds raised through Hsu. Clinton, now the secretary of state, was running for president at the time.
Posted by: Fred || 05/10/2009 00:00 || Comments || Link || [1 views] Top|| File under:

#1  He has not pleaded guilty to campaign finance fraud and his trial on those charges is scheduled to begin Monday.

Guess that's when the other Hsu will drop...
Posted by: Raj || 05/10/2009 9:32 Comments || Top||

#2  Damn you, Raj - you beat me to it! ;-p
Posted by: Barbara Skolaut || 05/10/2009 15:13 Comments || Top||



Who's in the News
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2al-Qaeda in Pakistan
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1Jemaah Islamiyah
1Lashkar e-Taiba
1Muslim Brotherhood
1Taliban
1Abu Sayyaf
1Govt of Sudan
1Hezbollah
1Jamaat-e-Islami

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Two weeks of WOT
Sun 2009-05-10
  Scores dead as drone hits S. Wazoo Mehsud stronghold
Sat 2009-05-09
  1.2 million people leave Buner, Swat other areas
Fri 2009-05-08
  Gilani orders all-out war on Pak Taliban
Thu 2009-05-07
  Sufi Mohammad's son killed in Lower Dir shelling
Wed 2009-05-06
  Mashaal: Hamas wants 10 year cease-fire
Tue 2009-05-05
  Pirates captured after attacking the wrong ship
Mon 2009-05-04
  Khaled Mashaal re-elected Hamas political leader
Sun 2009-05-03
  64 civilians killed in Lanka hospital attack
Sat 2009-05-02
  60 Taliban killed in Buner offensive
Fri 2009-05-01
  Taliban hold Buner town people hostage
Thu 2009-04-30
  U.S. missile strikes kill 10 in South Waziristan
Wed 2009-04-29
  70 militants killed in Pak operation
Tue 2009-04-28
  TNSM suspends talks with govt
Mon 2009-04-27
  Suspect in Bat Ayin attack in custody
Sun 2009-04-26
  North Korea reactivates its nuclear program


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