5.20.2009

norman hsu convicted of illegal campaign donations

End of the line for you, Norman Hsu. Yesterday, the former Democratic Party fundraiser was found guilty of breaking federal campaign laws -- specifically, making donations to political campaigns in other people's names: Democrat fundraiser guilty of illegal donations.

Jurors convicted Hsu of violating four counts of federal election law between 2004 and 2007. During the trial, prosecutors said Hsu pressured some of the investors involved in his $60 million Ponzi scheme to make thousands of dollars in contributions to political candidates on his behalf.

Sentencing is set for August 19. Hsu faces more than 30 years in prison for running the Ponzi scheme and an additional maximum of five years for each of the illegal campaign contribution charges. See ya, Norman. If you can't do the time, don't do the crime.

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