As previously covered in my earlier postings, WSJ:’60s Figure Says He Financed Donor [Norman] Hsu, [Norman Hsu] Clinton Donor Fails to Appear in Court Again, WSJ: [Norman Hsu] How a Business Flop Became Political Force, I’ve been following the very long and twisted story of Norman Hsu. It looks like his journey is starting to end, as reported by Associated Press in “Fundraiser Hsu to spend 3 years in Calif. prison“:
“REDWOOD CITY, Calif. – A judge on Friday sentenced disgraced political donor Norman Hsu to three years in state prison after rejecting the one-time Democratic rainmaker’s bid to throw out a 16-year-old fraud conviction. Hsu’s lawyers had asked Superior Court Judge Stephen Hall to dismiss his 1992 no-contest plea, arguing his right to a speedy trial was violated because authorities weren’t actively pursuing him during his years as a fugitive. They could easily have arrested Hsu, his lawyers argued, at one of the fundraisers he hosted in California for prominent local politicians. Hsu also faces federal fraud charges in New York.”
I’m not sure if this conviction covers his most recent ponzi scheme, but more likely his past misdeads in the early 90s, where he fled and later re-emerged and became a major Democratic bundler and fundraiser.