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Friday, September 21, 2007

'Hillary the Hutt' Dirty Money Scandal Deepens



We at The Liberty Sphere, missing no opportunity to keep sly and stealthy politicians on their toes, have designated Hillary Clinton as 'Hillary the Hutt,' the female version of the Star Wars character 'Jabba the Hutt.' Hillary's reference to Vice-President Dick Cheney as 'Darth Vader' prompted the designation.

Here is The Liberty Sphere's original article:
http://thelibertysphere.blogspot.com/2007/09/darth-vader-cheney-vs-hillary-hutt.html

With each passing day the dirty money scandal revolving around Hillary the Hutt and Norman Hsu, the Democrats' equivalent to Jack Abramoff, grows deeper. But you would never know it by listening exclusively to mainstream media news sources, which to this day have given only scant attention to the scandal.

This is in stark contrast to the Jack Abramoff scandal involving a few Republican lawmakers, which dominated the mainstream media news outlets for weeks.

Thursday we learned that Norman Hsu, who illegally bankrolled dozens of major Clinton donors, is facing charges in New York in a $60 million dollar 'Ponzi scheme' and engaging in widespread campaign finance violations.

A 'Ponzi scheme' is the practice of setting up a phony business to serve as the engine from which to raise millions of dollars for political campaigns. In Hsu's case, it was a phony apparel business in New York.

Hsu pressured the investors in his business to donate funds to various candidates of his choice, and then asked them to pressure their families and friends to make similar donations.

Another such business set up by Hsu involved a Madison Avenue private equity fund. According to the Wall Street Journal, investors in the fund were asked to make donations to the Presidential campaign of Hillary Rodham Clinton.

Sources close to the case told the Wall Street Journal that, in spite of the fact that the private equity fund was not named specifically in the case against Hsu in New York, the fund is in all likelihood 'Source Financing Investors' which is managed by Joel Rosenman, one of the organizers of the Woodstock Rock Music Festival in 1969.

The Journal also reports that Rosenman and Hsu have a long-term business relationship.

In short, these schemes were set up so that individual contributors could donate to the campaigns of Hillary Clinton and other Democratic candidates without a penny coming out of their pockets. The donors would be reimbursed from Hsu's stash of illegal cash.

According to federal law, it is illegal to donate to a political campaign in someone else's name, which is exactly what Hsu is charged with doing.

It goes without saying that all of this is adding up to one big legal problem for Hillary the Hutt and husband Bill 'Cigars' Clinton.

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