Norman Hsu Charged in New York
Norman Hsu has been charged in federal court in New York with conducting a ponzi scheme to defraud investors of $60 mil and with campaign finance violations.
Today's charges stem, in part, from new allegations that Hsu defrauded a group of New York investors who entrusted him with more than $40 million, believing they were financing a clothing venture.
Hsu was charged with felony mail fraud and wire fraud in connection with the Ponzi scheme and a violation of the Federal Election Campaign Act in connection with campaign donations.
Background on the New York investors case is here.
The campaign violation counts allege he made "contributions to candidates in other people's names."
The Complaint isn't unsealed yet on PACER. But the docket says the feds intend to seek his transfer to federal custody "shortly." Here's what the docket says so far.
|< Waiting For John Warner | Jena Six Thread >|