Norman Hsu, the disgraced Democratic fundraiser who was charged last year in a 60 million dollar pyramid or 'Ponzi' scheme, may haunt the careers of both Hillary Clinton and Barack Obama.
As if the corruption scheme revolving around Rod Blagojevich weren't enough for Obama, the Hsu case threatens to further link the President-elect to fraud in the upcoming trial, according to documents obtained by The Smoking Gun.
Obama may be called to testify at Hsu's trial. At issue is a 2005 fundraiser for Obama that Hsu organized in California.
Federal prosecutors maintain that Hsu broke federal law by directing his investors to donate money to specific candidates, and then reimbursing them. Federal campaign laws forbid such a practice.
And before the trial is over, Hillary Clinton and Barack Obama may prove to be key figures in Hsu's activity.
Friday, January 02, 2009
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