Democratic Donor Turns Himself In

[progressoid]

Source: NY Times

After defying an arrest warrant since 1992, a valued and reliable rainmaker for the Democratic Party surrendered today at a California court to face a grand theft charge, according to wire reports. Hsu’s attorney, Jim Brosnahan, told The Wall Street Journal that he arranged to pay the $2 million bond that was set by Judge H. James Ellis of San Mateo County Superior Court. The money “can also be used for restitution to any persons who might still be unpaid,” he added.

...

Mr. Hsu was facing up to three years in prison after pleading no contest to a charge that he had defrauded investors, but he skipped out on a court appearance and was not seen until today.

...

From $62,000 for Gov. Eliot Spitzer of New York, to $10,000 for the Tennessee Democratic Party, the full extent of fund-raising by Mr. Hsu came into focus on Thursday, as campaigns across the country began returning his money in light of revelations that he was a fugitive in a fraud case.

...

Investigators believe that after Mr. Hsu skipped his court appearance in 1992, he went to his native Hong Kong and then continued working in the garment trade. At some point, Mr. Hsu, a naturalized American citizen, returned to New York and in 2003 made the first of what became hundreds of thousands of dollars in contributions to Democratic campaigns around the nation.


Read more: http://www.nytimes.com/2007/08/31/us/politics/31cnd-hsu.html?hp

[progressoid]

1. .

[GoddessOfGuinness]

2. I'm glad he turned himself in...

Now if the fraud insurance and pharmaceutical companies' CEOs would just 'fess up.

[Robson]

3. 3 questions

Where does Hsu get his money? Why is he donating it to Democrats? What is his agenda?

Three questions that need answered quickly and candidly regardless of the involved political party.