Dem Fundraiser Hsu Charged In $60 Million Fraud Scheme

03/28/2008 02:45 am ET | Updated May 25, 2011

Norman Hsu, one of the top fundraisers for big-name Democrats, was charged Thursday with swindling at least $60 million from investors and using some of his profits to make illegal donations to political campaigns.

Hsu, who was already facing a fifteen-year-old fraud case in California, was charged in New York with what prosecutors called a "massive" Ponzi scheme that ensnared investors across the country.

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