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

California Investors Accuse Hsu In Another Fraud Scheme

An Orange County investment company filed a lawsuit against disgraced
fundraiser Norman Hsu on Friday, saying that he defrauded investors
out of at least $23 million and dictated that they make contributions
to Democratic candidates as a condition of doing business with him.

According to the suit, Hsu persuaded the company's operator that he
was legitimate partly by taking him to Democratic Party events, where,
the suit alleges, Hsu was thanked and praised by New York Sen. Hillary
Rodham Clinton and California Atty. Gen. Jerry Brown, among others.

At Hsu's direction, the lawsuit says, the investors poured tens of
thousands of dollars into Democratic coffers, delivering $30,000 worth
of checks payable to Clinton's campaign on a single day.

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