Monday, September 17, 2007

Hsu update

Yesterday, the New York Times profiled Norman Hsu, the Democratic fundraiser who is now in Colorado awaiting extradition to California:
[NormanHsu] gave generously, showering money on a wide array of national, state and local politicians. But he stood out in the symbiotic world of campaign finance because he appeared to want nothing in return other than a few powerful friends, according to Democratic fund-raisers in New York and California who knew him. [emphasis added.]
Much more informative reporting is being put together at the Suitably Flip blog. See, for example, here and here.

Hsu's recent checks have been bouncing while his business investors are missing at least $40 million in funds. While Hsu appeared to run many businesses, it is not clear if even one was legitimate. 99.96% of Hsu's contributions were to Democrats. In this story, there are far more questions than answers.

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