Norman Hsu | |
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| 徐詠芫 | |
| Born | October 1951 (age 72) |
| Known for | Pyramid scheme promoter, long-time fugitive, major fundraiser for US Democratic Party |
| Norman Hsu | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Traditional Chinese | 徐詠芫 | ||||||||
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Norman Yung Yuen Hsu[1] (born October 1951)[2] is a convicted pyramid investment promoter who associated himself with the apparel industry. His business activities were intertwined with his role as a major fundraiser for the Democratic Party, and he gained notoriety after suspicious patterns of bundled campaign contributions were reported in 2007.[3] Subsequently he was discovered to have been a long-time fugitive in connection with a 1992 fraud conviction.[4][5] After turning himself in to California authorities in 2007 he fled the state again and was quickly recaptured.
The U.S. Justice Department investigated whether Hsu illegally reimbursed political donations by associates and formally charged him with fraud.[6][7][8] On 27 November 2007, a federal grand jury indicted Hsu on charges of violating federal campaign finance laws and defrauding investors "out of at least $20 million."[9]
- ^ Wesley Chu (1 September 2007). "羈留五小時即准以200萬元保釋徐諾曼向加州法庭投案". Sing Tao Daily. USA. Retrieved 2 September 2007. [dead link]
- ^ Ianthe Jeanne Dugan; Jonathan Cheng; Brody Mullins (8 September 2007). "What Made Norman Hsu Run?". The Wall Street Journal. Retrieved 8 September 2007.
- ^ Cite error: The named reference
wsj20070828was invoked but never defined (see the help page). - ^ Cite error: The named reference
lat082907was invoked but never defined (see the help page). - ^ Chuck Neubauer; Dan Morain (30 August 2007). "Fugitive donor bows out of fundraising". Los Angeles Times. Archived from the original on 11 September 2008. Retrieved 9 September 2007.
- ^ Cite error: The named reference
wsj20070901was invoked but never defined (see the help page). - ^ Cite error: The named reference
lat091007was invoked but never defined (see the help page). - ^ Cite error: The named reference
latimes2007-09-21was invoked but never defined (see the help page). - ^ FindLaw (27 November 2007). "Indictment of Norman Hsu, former Democratic Fundraiser". FindLaw. Retrieved 4 December 2007.