News NOT in the main stream

[rushmc 18]

http://news.yahoo.com/s/ap/20090929/ap_on_re_us/us_democratic_fundraiser

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Ex-Democratic fundraiser sentenced to 24 years


By LARRY NEUMEISTER, Associated Press Writer Larry Neumeister, Associated Press Writer – 31 mins ago

NEW YORK – Former Democratic fundraiser Norman Hsu was sentenced to more than 24 years in prison Tuesday by a judge who accused him of funding his fraud by manipulating the political process in a way that "strikes at the very core of our democracy."

U.S. District Judge Victor Marrero sentenced the 58-year-old Hsu to 20 years in prison for his guilty plea to fraud charges and another four years and four months in prison for his conviction at trial for breaking campaign finance laws.

In a lengthy criticism of Hsu's fraud, the judge said the former fundraiser used political contributions to win respect and impress investors as he committed a campaign finance fraud that "strikes at the very core of our democracy."

The judge said Hsu stole more than $50 million from hundreds of investors in a 10-year Ponzi scheme by winning their confidence with his pristine reputation and friendly nature, a two-faced quality the judge noted was common among certain white collar criminals.

He called Hsu a "wolf in sheep's clothing."

He said his "conniving use of the political process to fund his fraud" made his crimes "much more sinister and reprehensible."

Before he was sentenced, Hsu apologized to "your honor and everybody else."

His donations became an embarrassment for Hillary Rodham Clinton's presidential campaign. His arrest led Clinton to return more than $800,000 to donors linked to Hsu.

Prosecutors say Hsu obtained millions of dollars from investors by claiming clothing or high-technology ventures would pay returns of 14 and 20 percent. Instead, he spent the money on himself or made charitable contributions to enhance his image, they said.

Hsu's decade-long Ponzi scheme collapsed in September 2007. In addition to the 24 year and four month sentence he received Tuesday, Hsu must separately serve three years in prison for a conviction in California.

Outside court, Hsu lawyer Bernard Seidler said his client told him goodbye before returning to prison, where he has been for the last two years. The lawyer said Hsu reacted calmly to the sentence, which was less than the 30-years-to-life term prosecutors had sought.

"I think he was expecting it. I really do," Seidler said.

Seidler has said Hsu donated about $850,000 of his own money to political candidates and helped raise $1 million for Democratic candidates through about 75 people he knew who also made contributions. He said Hsu gave $3.5 million to charitable causes.

Prior to sentencing, Seidler told the judge that his client had helped educate fellow inmates over the last two years. Some of the inmates even wrote letters to the judge on his behalf. The judge cited letters he received from victims as well.

The judge, though, said benevolence was a common characteristic of a subset of white-collar criminals who live a double life as they carry out irrational, greedy acts "totally out of character with their otherwise law abiding life."

He accused Hsu of using a "stunningly elaborate system of fraud and deceit" to steal from clients who believed they were among his closest friends.

Marrero said he could not be lenient with someone who had performed "dozens, if not hundreds, of acts of dishonesty and fraud."

When he spoke, Hsu asked the judge to appoint a trustee that he could work with to help recover money for victims. Assistant U.S. Attorney Rua M. Kelly said Hsu's offer should be ignored because he had not helped victims earlier. "Frankly, it's ludicrous," she said.

Assistant U.S. Attorney Alexander J. Willscher portrayed the Democratic candidates Hsu had helped as innocent victims of his devious ways, saying Hsu "lied to some of the pre-eminent politicians in the country."

The government said at trial that Hsu used clients of his fraudulent investment business, including actors and other political novices, as straw donors to make thousands of dollars in campaign donations. The scheme bypassed rules limiting what any individual or group can donate.

During the May trial, prosecutors played a voicemail recording of Clinton, then a senator, effusively praising Hsu for his support.

"I've never seen anybody who has been more loyal and more effective and really just having greater success supporting someone than you," she told him. "Everywhere I go, you're there. If you're not, you're sending people to be part of my events. You know, we're going to win this campaign, Norman, because you single-handedly are going to make that happen."

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[Remster 24]

I'm so glad you uncovered the cover up!

Oh, wait....
http://news.google.com/news?rlz=1C1GGLS_enUS339US339&sourceid=chrome&q=Norman+Hsu&um=1&ie=UTF-8&hl=en&ei=eY3CSsCfLZDFlAeV-N3jBA&sa=X&oi=news_group&ct=title&resnum=1

Remster

[rushmc 18]

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I'm so glad you uncovered the cover up!

Oh, wait....
http://news.google.com/news?rlz=1C1GGLS_enUS339US339&sourceid=chrome&q=Norman+Hsu&um=1&ie=UTF-8&hl=en&ei=eY3CSsCfLZDFlAeV-N3jBA&sa=X&oi=news_group&ct=title&resnum=1

Didnt say was not out there

But, even your link shows a lack of ABC NBC CBS CNN MSNBC et al.

AP is the only one of any name.

Thanks for helping with my point

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[Remster 24]

You're right. The Wall Street Journal and the NYT are alternative media sources...

Remster

[rushmc 18]

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You're right. The Wall Street Journal and the NYT are alternative media sources...

Do you see ABC, NBC, CBS, NPR, MSNBC, CNN?

Well?

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[Remster 24]

You claimed this is not in the main stream. I showed you it is reported by main stream media source (unless, again, you want to qualify TWJ, Reuters, AP, AFP, NYT as alternative news media).

Its not my fault you either

a) don't know what main stream media means, or
b) don't know how to use the interwebs.


PS: in case you need help with the interwebs, here's the link to the CBS article.

http://www.cbsnews.com/stories/2009/09/29/politics/main5351479.shtml?tag=contentMain;contentBody

Remster

[NWFlyer 2]

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You're right. The Wall Street Journal and the NYT are alternative media sources...

They are alternative because only liberals read.

"There is only one basic human right, the right to do as you damn well please. And with it comes the only basic human duty, the duty to take the consequences." -P.J. O'Rourke

[Remster 24]

That damm leftist propaganda machine that the WJ is!!!!!!

Remster

[rushmc 18]

Quote

You claimed this is not in the main stream. I showed you it is reported by main stream media source (unless, again, you want to qualify TWJ, Reuters, AP, AFP, NYT as alternative news media).

Its not my fault you either

a) don't know what main stream media means, or
b) don't know how to use the interwebs.


PS: in case you need help with the interwebs, here's the link to the CBS article.

http://www.cbsnews.com/stories/2009/09/29/politics/main5351479.shtml?tag=contentMain;contentBody

I consider the big 4 the mainstream ABC, CBC, NBC and CNN with a dash of MSNBC

They have been the dominate on air news groups for years

I missed the CBS link

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[rushmc 18]

Quote

Quote

You're right. The Wall Street Journal and the NYT are alternative media sources...

They are alternative because only liberals read.

But it is comprehension that counts

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[Remster 24]

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dominate

Kinky...

Remster

[rushmc 18]

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dominate

Kinky...

What ever winds your spring

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[iamsam 0]

Quote

I consider the big 4 the mainstream ABC, CBC, NBC and CNN with a dash of MSNBC

where do you think they get a lot of their 'news' from..?..

....AP. (as well as PA and reuters)

but what do I know

[rushmc 18]

Oh, they will get there, but the volume of the reporting will be later and somewhat subdued as compared to stories of a Republican fund raiser.

Kind of like CNN reporting on the ACORN sting movies, done by a "conservative" reporter.

Hmmm, ever heard them use "done by a liberal reporter".

Just different perspectives and hones reporting

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[Remster 24]

Quote

Quote

You claimed this is not in the main stream. I showed you it is reported by main stream media source (unless, again, you want to qualify TWJ, Reuters, AP, AFP, NYT as alternative news media).

Its not my fault you either

a) don't know what main stream media means, or
b) don't know how to use the interwebs.


PS: in case you need help with the interwebs, here's the link to the CBS article.

http://www.cbsnews.com/stories/2009/09/29/politics/main5351479.shtml?tag=contentMain;contentBody

I consider the big 4 the mainstream ABC, CBC, NBC and CNN with a dash of MSNBC

They have been the dominate on air news groups for years

I missed the CBS link

and the abc one
http://abcnews.go.com/Politics/wireStory?id=8705539

I'm sure there's more, but I'm tired of doing your due diligence.

Remster

[rushmc 18]

Quote

Quote

I consider the big 4 the mainstream ABC, CBC, NBC and CNN with a dash of MSNBC

where do you think they get a lot of their 'news' from..?..

....AP. (as well as PA and reuters)

I will give that the stories on all these sites are nearly word for word when they do get them out

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[rushmc 18]

Quote

Quote

Quote

You claimed this is not in the main stream. I showed you it is reported by main stream media source (unless, again, you want to qualify TWJ, Reuters, AP, AFP, NYT as alternative news media).

Its not my fault you either

a) don't know what main stream media means, or
b) don't know how to use the interwebs.


PS: in case you need help with the interwebs, here's the link to the CBS article.

http://www.cbsnews.com/stories/2009/09/29/politics/main5351479.shtml?tag=contentMain;contentBody

I consider the big 4 the mainstream ABC, CBC, NBC and CNN with a dash of MSNBC

They have been the dominate on air news groups for years

I missed the CBS link

and the abc one
http://abcnews.go.com/Politics/wireStory?id=8705539

I'm sure there's more, but I'm tired of doing your due diligence.

I didnt see a post time but they are catching up.

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[Andy9o8 0]

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Quote

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You're right. The Wall Street Journal and the NYT are alternative media sources...

They are alternative because only liberals read.

But it is comprehension that counts

Bullshit!! It's the spelling!

[Remster 24]

Quote

Quote

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dominate

Kinky...

What ever winds your spring

Hey... Its hard to comprehend something when its riddled with typos! Maybe that's why all the news organizations are socialist bastions of misinformation: all the right leaning ones went out of business because no one could understand what they meant.


PS: hint, the word of the day is dominant.


EDIT: Really, its not typos, but rather the use of the wrong words...

Remster

[rushmc 18]

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Quote

Quote

Quote

You're right. The Wall Street Journal and the NYT are alternative media sources...

They are alternative because only liberals read.

But it is comprehension that counts

Bullshit!! It's the spelling!

Yes, I suppose it is

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[rushmc 18]

You will see I do not do as bad in the evenings when I can use Mozilla.

I can even spell words like "apoplectic" using it.

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[iamsam 0]

Quote

Quote

Quote

I consider the big 4 the mainstream ABC, CBC, NBC and CNN with a dash of MSNBC

where do you think they get a lot of their 'news' from..?..

....AP. (as well as PA and reuters)

I will give that the stories on all these sites are nearly word for word when they do get them out

Exactly. A large proportion of news 'reported' by the mainstream media is copy from the wire news agencies often repeated verbatim.
Our press may be free, but it's not unbiased, nor lazy

but what do I know

[NWFlyer 2]

By the way, I heard this story on NPR as I was driving around running some errands tonight.

"There is only one basic human right, the right to do as you damn well please. And with it comes the only basic human duty, the duty to take the consequences." -P.J. O'Rourke