More on Dem funny money.

Norman Hsu, the Democratic fund-raiser with a habit of fleeing the law, confessed to FBI agents last week that he had pressured investors in what he now admits were phony business deals to contribute to political campaigns, prosecutors said in an indictment that was unsealed today.

The complaint, filed in Federal District Court in Manhattan, accused Mr. Hsu of bilking at least $60 million from hundreds of investors in a nationwide Ponzi scheme, and using some of that money to illegally reimburse at least two people who made a total of $60,000 in campaign donations at his request.

While the complaint did not specify which candidates received the illegal or coerced contributions, federal authorities confirmed that one of them was Senator Hillary Rodham Clinton. Her presidential campaign has said it intends to return $850,000 to more than 200 people whose donations were bundled by Mr. Hsu.

If convicted of the three charges he faces — mail fraud, wire fraud and violating the Federal Election Campaign Act —Mr. Hsu could face a maximum of 45 years in prison.

Will every candidate divest him or herself of ALL Hsu-related donations --and refuse to take any money from the donors associated with those funds? Or will they simply keep the revolving door of campaign corruption going.

Oh, yeah -- and will the media begin to treat this case with the same seriousness they do accusations of corruption against Republicans like Tom DeLay?

Posted by: Greg at 10:13 PM | No Comments | Add Comment
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