ABC News reports:
Disgraced top Democratic Party fundraiser, Norman Hsu, pled guilty Thursday to charges of running a Ponzi scheme that defrauded investors of at least $20 million. The government asserted that Hsu intertwined his scheme with his political activity and pressured his investors to contribute to his favorite political candidates, including then Senator Hillary Clinton’s presidential campaign. . .
Hsu, 58, has been in jail since his arrest in 2007. He told a federal judge that he is pleading to ten counts of mail and wire fraud.
Hsu was indicted after a suspicious pattern of bundled campaign contributions in 2007 raised alarms. At that time it was also discovered that Hsu had been a fugitive from a 1992 warrant, a fact that had escaped notice for 15 years despite his high profile political fundraising.