Wednesday, September 05, 2007

Hsu Flees: Press Not Interested in Cash Source

Democratic fundraiser Norman Hsu, whose many large contributions to Democratic coffers, including Hillary Clinton came from an apparently non-existent source, has jumped bail yet again. As reported by the Associated Press,
Hsu, a Hong Kong native, was also supposed to turn over his passport Wednesday. Hsu's prominent Silicon Valley criminal defense attorney Jim Brosnahan said Hsu failed to give the passport to the legal team on Monday.
"Mr. Hsu is not here and we do not know where Mr. Hsu is," Brosnahan said outside court. Brosnahan said that "there was some contact" with Hsu a few hours before the scheduled 9 a.m. court appearance, but he declined to say how and who talked to Hsu.
Hsu pleaded no contest in 1991 to a felony count of grand theft, admitting he'd defrauded investors of $1 million after falsely claiming to have contracts to purchase and sell Latex gloves. He was facing up to three years in prison when he skipped town before his 1992 sentencing date.

This raises a number of questions- primarily why anyone would even think that a man who jumped bail once would bee trustworthy of being allowed to post bail a second time. However, the questions that should really be asked are where Hsu got his money, as it appears that he had no real source of income- certainly not enough to finance contributions on the scale that he made. So far it appears that not a single major news source has been interested enough to dig into Hsu's finances, just as they have neglected to report on the fact that most of his donations bear strong signs of beeing fronted through others. His benefitees, including Clinton, are only returning money given directly to their campaigns, but there was far more cash delivered via third parties who do not appear to have the resources to make large contributions, such as the Paw family.

Contrast this with the trweatment that the Press gave John Abramoff, who at least was a registered lobbyist with real sources of income. It would seem that Hsu should merit at least that level of interest. But at this time, nto a single MSM news organization has shown any interest in investigating Hsu's finances, with a few exceptions. In the same AP report that announced Hsu's flight, the reporter wrote merely,
But a few years ago, Hsu re-emerged in New York as an apparel executive and a wealthy benefactor of Democratic causes and candidates.

The fact that the money is difficult to trace to any source, appears to trouble no journalists on a national scale. is the threat of foreign corruption of the United States election process not tgrouboling to any of these so-called reporters? They still find the troubles of Idaho Senator Larry Craig newsworthy enough to be on the front page. Why is a Democratic fundraiser, with no known source of income, who is wanted for skipping bail on fraud charges and who may be linked to Chinese military money for all we know, not receiving more in-depth scrutiny?

Cross-posted on NewsBusters.

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