Democratic fundraiser Norman Hsu - who helped raised cash for Mayor Gavin Newsom, Kamala Harris, Fiona Ma, Hillary Clinton, and the victorious Barack Obama - was sentenced to three years in prison today for defrauding investors of nearly $1 million over 15 years ago. He was ordered to spend a sojourn behind bars after a Ponzi scheme involving latex gloves. This case is separate from a "separate federal complaint ... by the U.S. Attorney's Office in New York [where] Hsu is charged with a $60 million Ponzi scheme involving high-end apparel from China."
We really need to get in on this Ponzi racket. It sounds totally worth it. And we can find a seamless escape plan in 15 years time.
Hsu, as you might remember, was on the lam for a while back last year, after failing to appear in San Mateo County Superior Court appearance for the latex scheme. He was found on an Amtrack train, dazed and ill, headed east.