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Current Events => Archives => Politics => Election 2008 => Topic started by: bijou on December 31, 2008, 04:43:49 PM

Title: Obama And That Other Ponzi Scheme
Post by: bijou on December 31, 2008, 04:43:49 PM
Quote
DECEMBER 31--As if being linked to one high-profile criminal case weren't enough, President-elect Barack Obama's name may soon pop up in another federal prosecution, this one involving a massive Ponzi scheme (no, the other massive Ponzi scheme). In addition to the Rod Blagojevich pay-for-play probe, Obama could figure in the upcoming fraud trial of Norman Hsu, the disgraced Democratic fundraiser who was charged last year with operating a $60 million pyramid scheme.  ...  Hsu co-hosted a 2005 California fundraiser for Obama's political action committee and introduced the Illinois Democrat to Marc Gorenberg, a Silicon Valley venture capitalist who later joined the Obama campaign's national finance committee. Prosecutors allege that Hsu directed his investors to donate money to specific candidates, and then reimbursed them in violation of federal campaign laws.  ...

http://www.thesmokinggun.com/archive/years/2008/1231082hsu1.html

Heh.  Hope, change and popcorn.  :popcorn:
Title: Re: Obama And That Other Ponzi Scheme
Post by: thundley4 on December 31, 2008, 04:50:23 PM
I'm sure that Obama gave all that money back or donated it to some charity.  Maybe he gave it to Hilary to help pay her campaign debts, after all she had gotten some money from the same source.
Title: Re: Obama And That Other Ponzi Scheme
Post by: Chris on January 01, 2009, 09:47:45 PM
(http://images.ucomics.com/comics/wplbe/2008/wplbe081231.gif).
Title: Re: Obama And That Other Ponzi Scheme
Post by: DixieBelle on January 02, 2009, 06:15:53 AM
I wondered when the other Hsu would drop. Sorry! Bad pun! Seriously, I wondered when because its been ages since he's been in the news.
Title: Re: Obama And That Other Ponzi Scheme
Post by: Crazy Horse on January 02, 2009, 07:48:14 AM
Quote from: DixieBelle on January 02, 2009, 06:15:53 AM
I wondered when the other Hsu would drop. Sorry! Bad pun! Seriously, I wondered when because its been ages since he's been in the news.

Sneak it in with all the other scandals an noone notices.