Hsu Indicted

December 4, 2007

We all knew it was coming, alas:

NEW York — A federal grand jury on Tuesday indicted Norman Hsu, a top Democratic fundraiser accused of cheating investors of at least $20 million and using some of the money to make illegal donations to political campaigns.In the 15-count indictment returned in U.S. District Court in Manhattan, the government accused the 56-year-old clothing-industry entrepreneur of duping investors nationwide with a massive Ponzi scheme.

The government said Hsu also violated federal campaign finance laws by making contributions to various political candidates in the names of others.

A message left with a lawyer for Hsu was not immediately returned.

Federal prosecutors said Hsu hoped his lavish campaign contributions would help draw money to his scheme by raising his public profile.

Source - NBC11.COM - Disgraced Democratic Donor Indicted In New York

Another Broken Promise

December 4, 2007

Here’s an excerpt from this full Politico.com article:

Having made a five-day congressional workweek de rigueur for much of the year, House Democrats are planning an easier schedule for next year.

A 2008 calendar distributed to congressional offices Monday shows the House holding five-day weeks only three times next year, exposing Democrats to charges that they are backing away from a pledge to work harder than Republicans did when they ruled the House.

“You have to hand it to Nancy Pelosi and the Democrats for … rewarding themselves with another broken promise,” said Ken Spain, a spokesman for the National Republican Congressional Committee. “With a record low approval rating, … you would think they would start getting to work instead of planning extra vacation days.”



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