SEPTEMBER 05, 2007
Reminiscent of a decades-old Clinton fundraising scandal in which guilty parties fled U.S. justice, Hillaryâ??s shady Chinese mega donor, Norman Hsu, has jumped bail and his attorney has no idea where he is.
The New York businessman made headlines last week for being a millionaire fugitive and big time Democratic donor wanted by California authorities for 15 years. His legal problems, which span two decades, came to light in reports that he used his friends and associates to exceed contribution limits to Hillary Clintonâ??s presidential campaign.
It turns out that Hsu pleaded no contest in 1991 to felony grand theft for defrauding investors of $1 million in a bogus investment scam. He was facing up to three years in prison but disappeared before sentencing a decade and a half ago. Last week Hsu posted $2 million bail which he forfeited by failing to appear in this weekâ??s bail hearing in Northern California. The judge issued a warrant for his arrest, but Hsu could very well be in his native Hong Kong by now.
The tale of shady Chinese Clinton donors avoiding U.S. justice is a familiar one that dates back to the 1996 Clinton-Gore fundraising scandal known as Chinagate. The Clintons took millions in laundered foreign campaign donations from Chinese Communists in exchange for liberalizing trade policy with China, dropping pending indictments against influential Chinese figures, spots on a U.S. trade mission and overnight stays at the White House.
Many of the Chinagate donors were successfully prosecuted even though Clinton Attorney General Janet Reno blocked investigatorsâ?? efforts at the Justice Department. More than 100 people connected to the fundraising scandal fled the country, however. Norman Hsu seems to be following their lead.
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