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The Democrats’ bundles of straw; Update: Hsu facing charges in NY

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By Michelle Malkin  •  September 20, 2007 09:48 AM

Update: The Hsu falls in NY….

Federal prosecutors in New York are expected to announce criminal charges against Democratic fundraiser Norman Hsu later Thursday, sources told WNBC.com
Hsu is expected to be charged with orchestrating a $60 million “Ponzi Scheme” and engaging in widespread campaign finance violations.

WSJ has more details on Source Financing.

***
The Wall Street Journal continues to dig into Democrat funny money. They identify a Clinton donor who says her political contribution was reimbursed by her husband’s boss, a fund-raising bundler for the candidate:

When Hillary Rodham Clinton held an intimate fund-raising event at her Washington home in late March, Pamela Layton donated $4,600, the maximum allowed by law, to Mrs. Clinton’s presidential campaign.

But the 37-year-old Ms. Layton says she and her husband were reimbursed by her husband’s boss for the donations. “It wasn’t personal money. It was all corporate money,” Mrs. Layton said outside her home here. “I don’t even like Hillary. I’m a Republican.”

The boss is William Danielczyk, founder of a Washington-area private-equity firm and a major fund-raising “bundler” for Mrs. Clinton. Mrs. Layton’s gift was one of more than a dozen donations that night from people with Republican ties or no history of political giving. Mr. Danielczyk and his family, employees and friends donated a total of $120,000 to Mrs. Clinton in the days around the fund-raiser.

In an interview, Mr. Danielczyk said he “did not and would not” reimburse employees or others for their political donations. Such reimbursement would be illegal. Mr. Danielczyk said he was a co-host for the event at Mrs. Clinton’s home. “Everybody was asked to contribute,” he said, “some said yes and some said no.” He added, “No arm was twisted.”

Hill’s “Hillraisers”–special designees who rake in $100,000 or more like Norman Hsu–are now coming under increased scrutiny:

Other Republican voters who contributed the maximum amount to Mrs. Clinton at this event included Mr. Danielczyk’s mother, sister, personal assistant and a half-dozen employees or their spouses. Most of the donors had never made a political donation before contributing $4,600 to Mrs. Clinton, according to fund-raising records.

Mr. Danielczyk said some of the attendees were Republicans, but “they may vote for her [Mrs. Clinton] now.” He added, “It’s odd … You try to get involved in the political process and you come under scrutiny.

“Odd?” No. It’s the necessary consequence of public disclosure.

Meanwhile, Norman Hsu is set to return to Cali today:

Democratic fundraiser Norman Hsu is expected to return to San Mateo County today to face a 15-year-old felony theft conviction for defrauding Bay Area investors for up to $1 million. Hsu appeared in Mesa County District Court in Colorado on Wednesday in a yellow jail jumpsuit – his hands cuffed and his ankles shackled – and signed documents that sealed his extradition to California.

The San Mateo County Sheriff’s Office was given 10 days to collect Hsu, but Mesa County District Attorney Pete Hautzinger said in court that San Mateo County sheriff’s officials were planning to retrieve Hsu today.
Hsu was subdued in court and told Judge Brian Flynn that no one was forcing him to give up his right to fight extradition.

“Are you thinking clearly this morning?” Flynn asked. “Yes, your honor,” Hsu said.

Can’t say the same about all the Dems who allowed this con man to ingratiate himself into their coffers.

***
Stay tuned to investigative blogger Flip Pidot’s site for more number-crunching, dot-connecting, and loose ends-tying.

Mitt Romney’s got a bundler, but the majority named in this WaPo piece are Dems.

Glenn Reynolds is having too much fun.

More Bundlemania probing from Allah and See-Dub.

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Posted in: Norman Hsu

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Categories: Hillary Clinton, Norman Hsu

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