By  on September 30, 2009

A federal judge sentenced Norman Hsu, a Democratic fund-raiser and admitted Ponzi scheme operator who used tenuous connections to the fashion world as social capital, to more than 24 years in prison Tuesday.

In May, Hsu pleaded guilty to 10 counts of mail and wire fraud for running what prosecutors called a $50 million Ponzi scheme. Later that month, a jury convicted him on four separate charges of campaign finance fraud after a six-day trial.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus