Convicted in Ponzi scheme, Norman Hsu speaks in first prison interview about politics; denies he broke campaign-finance laws
Norman Hsu was in the middle of the action in national politics eight years ago, as a top fundraiser for Hillary Clinton and other Democrats.These days, he is holed up in a federal penitentiary here on charges of operating a Ponzi scheme and breaking campaign finance laws, and the action is anything but heated.
Recently, an inmate asked him how to make $1 million “legitimately, in a year.” Mr. Hsu advised him: “Win the lottery.” When a guard approached him to ask a question, Mr. Hsu stopped him: “I said, ‘I know what you’re going to ask: Who’s going to be the next president?’”
The government said Mr. Hsu stole between $50 million and $100 million from individuals by claiming he was making short-term loans to retail companies—and then pressured the investors to make political contributions.