Well, I don't even know about that. I remember vividly, lurking here back in '98 and '99 and ultimately I remember seeing a full page ad placed in the Washington Times fully disclosing the Clinton's chinagate treason - which was paid for by fr members back then.
Nowadays, with the exception of Wannabe Turk, dougfromupland, Alamo-girl, ulm1, Republic, Cicero, Wolverine, Paul Ross, Rick_Michael (and a scant few others), there is not one peep about Hillary, Bill and chinagate. And considering the Hsu/Hillary connection popping up just last month, not even that brought up any past chinagate discussion here on at fr. Why, what's with this? What's going on? (I don't even see that there will be much further discussion here in this thread. Besides you and me Sun, and one or two others, this seems like a 'last of the mochicans' chinagate thread again)
(and to boot, as we all just saw, one can't even ping folks who might be interested in participating, [they might not have checked fr in a week or so, or simply might have been out of town, what's with this too?] seems like a lot of 'controlled' discussion nowadays.
http://www.usdoj.gov/usao/nys/pressreleases/September07/Hsu%20Complaint%20PR.pdf
MANHATTAN U.S. ATTORNEY CHARGES NORMAN HSU
WITH $60 MILLION FRAUD SCHEME
United States Attorney
Southern District of New York
FOR IMMEDIATE RELEASE
CONTACT: U.S. ATTORNEY’S OFFICE
September 20, 2007
YUSILL SCRIBNER,
REBEKAH CARMICHAEL
PUBLIC INFORMATION OFFICE
(212) 637-2600
FBI
JIM MARGOLIN, NEIL DONOVAN
PUBLIC INFORMATION OFFICE
(212) 384-2720, 2715
MANHATTAN U.S. ATTORNEY CHARGES NORMAN HSU
WITH $60 MILLION FRAUD SCHEME
Hsu Also Accused of Using Straw Donors to Make
Illegal Federal Campaign Contributions
MICHAEL J. GARCIA, the United States Attorney for the
Southern District of New York, and MARK J. MERSHON, the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (”FBI”), announced today the unsealing of federal charges against NORMAN HSU, 56, for perpetrating a massive Ponzi scheme that defrauded victims across the United States of over $60 million. HSU also was charged with violating federal campaign finance laws by making contributions to various political candidates in the names of others.
According to the Complaint unsealed earlier today in
Manhattan federal court:
At all times relevant to the charges, HSU operated and
was the Managing Director of two companies, Components Ltd. and Next Components Ltd. (the “Companies”), which purported to provide investment programs that extended short-term financing to businesses. HSU recruited victims by guaranteeing high rates of return on short-term investments.
After receiving money from investors, HSU, for a time, repaid both the victims’ interest and principal as promised.
Believing HSU to be trustworthy and the Companies to be legitimate and potentially profitable, victims often agreed to roll-over their invested funds into new investments with HSU, contribute additional, larger sums of money to the scheme, or recruit friends to invest with HSU. In reality, however, the Companies were merely vehicles for HSU’s
Ponzi scheme, in which money owed as returns to older investors was paid with money received from newer investors, and HSU never invested the money in the manner he represented to his victims.
In the end, HSU defrauded his victims out of more than $60
million.
In an effort to raise his public profile and thereby
convince more victims to invest in his fraudulent scheme, HSU pressured investors to contribute tens of thousands of dollars to various candidates for President of the United States, the United States Senate, and the United States House of Representatives.
HSU made victims believe that failure to make political
contributions to candidates he supported would jeopardize their investment relationship with him, and put their money at risk.
HSU also violated the Federal Election Campaign Act by
making contributions to various political campaigns in the names of others. Specifically, in 2006, HSU asked two other
individuals to make contributions, totaling more than $20,000 each, to designated federal candidates. HSU then reimbursed these two individuals for the political contributions they had made on his behalf.
During a court-authorized search of the items seized
from HSU at the time of his arrest, FBI agents recovered
extensive evidence confirming HSU’s role in the charged crimes, including, among other things:
(1) thousands of dollars in cash;
(2) checkbooks for bank accounts used to carry out the fraudulent scheme;
(3) hundreds of thousands of dollars worth of checks from
HSU’s victims;
(4) bank receipts reflecting millions of dollars
worth of financial transactions conducted by HSU;
(5) hand-written ledgers reflecting specific amounts of campaign contributions to be made by specific victims on behalf of various candidates for elected federal office;
(6) a Cartier watch and Tiffany jewelry; and
(7) receipts reflecting HSU’s travel throughout the United States via a corporate jet service. HSU is charged in the Complaint with one count each of mail fraud and wire fraud, and one count of violating the Federal Election Campaign Act. If convicted, HSU faces maximum penalties of 20 years’ imprisonment on the mail fraud charge, 20 years’ imprisonment on the wire fraud charge, and 5 years’ imprisonment on the federal campaign finance charge. HSU also faces a maximum fine of twice the gross gain or loss resulting from his financial fraud crimes, and an additional maximum fine of $250,000 on the campaign finance crime.
Cox Committee Votes Unanimous 1,100-Page Report on PRC Targeting of U.S. Military Technology
WASHINGTON, D.C.(Wednesday, December 30, 1998)—The Select Committee on U.S. National Security and Military/Commercial Concerns with the People’s Republic of China unanimously voted to approve a five-volume, 1,100-page report on the transfer of sensitive U.S. technology to the PRC. The report goes well beyond the two cases that spurred the investigation, involving Space Systems/Loral and Hughes, and addresses PRC targeting of not only so-called "dual-use" technologies, but also sensitive military technologies.
bump! bump! bump!
I want to keep up with this topic and I read every thread on the subject that I can. However, I don’t always have time to post.
As far as pinging others is concerned, my bet is that you’ve been pinging others who didn’t want to be on the ping list, and they reported it to the mod. It’s not that there is controlled discussion...it’s that there are rules about ping lists.
Since you’ve been lurking so long, I would have thought you would have known that.
In any case, I sincerely thank you for the pings to these threads.
