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The Hillary Rodham Clinton campaign announced yesterday that it would give to charity $23,000 received from Norman Hsu, a major Democratic supporter who has an outstanding arrest warrant for a 1991 fraud charge. Campaign officials pledged to review thousands of dollars in other donations from Hsu.
California authorities said Hsu left the state in 1992 after pleading no contest and agreeing to serve up to three years in prison for defrauding investors. Hsu now lives in New York, where he is in the apparel business. On campaign finance reports, he lists his companies as Next Components, Dilini Management, Cool Planets, NBT and others.
While the warrant was outstanding, Hsu hardly kept a low profile. He has contributed more than $250,000 to Democrats in the last three years, and was scheduled to co-host a gala for Clinton next month.
He said yesterday that he would cease political fundraising until the California case was resolved. Other Democrats announcing that they would return his donations included Al Franken, Doris Matsui and Michael Honda.
Big Source of Clinton’s Cash Is an Unlikely Address - Wall Street Journal
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