Clinton Donor Hsu Indicted for Ponzi Scheme

Hillary Clinton and Norman Hsu

The case against Norman Hsu sounds like an Al Capone style gangster story, cleaned up a bit for a civilized audience. And on the other hand, it also sounds like a con man story, complete with the "Get politically rich quick" scheme. Whichever may be more likely, Clinton is in up to her neck with this sordid character.

Hsu's indictment covers a wide swath of issues. In summary, Hsu had an "investment scheme that persuaded investors to give Hsu greater and greater amounts of money in exchange for short-term returns that were spotty or nonexistent." The catch for Clinton is that "Hsu made victims believe that failure to make political contributions to candidates he supported would jeopardize their investment relationship with him, and put their money at risk...". And the kicker is that Hsu was employing people to make campaign contributions for him.

The Federal Elections Commission should have the Clinton donor roll under an electron microscope, peeling through each entry with a careful eye toward who is related to whom and who works for whom. If this isn't a cause for an investigation, nothing is. It makes the gaudy campaign finance numbers for the first quarter of 2007 look tainted for the Democrats.