Dem Donor, Ponzi Schemer Hsu Gets 24 Years

By Harry Kimball,  Newser Staff
Posted Sep 30, 2009 9:32 AM CDT
Dem Donor, Ponzi Schemer Hsu Gets 24 Years
Norman Hsu.   (AP Photo)

Norman Hsu is a man of many hats, but the Hillary Clinton fundraiser extraordinaire, Ponzi schemer, and onetime fugitive has been sentenced to wear them in prison for the next 24 years. While significantly less than the 30 years prosecutors had asked for, Hsu’s lawyer tells the Wall Street Journal that his client plans an appeal. Though Hsu has admitted guilt, he says the prosecution inflated the size of his Ponzi scheme, which is taken into consideration when sentencing.

“I know apologizing will not make things better for anyone,” Hsu told the court yesterday, “but I would still like to apologize.” (Read more Norman Hsu stories.)

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