Posted on 09/13/2007 8:34:56 AM PDT by Liz
Manhattan DA Robert Morgenthau is probing what disgraced Hillary Rodham Clinton-backer Norman Hsu did with $40M "investment" cash given to him by famed Woodstock Festival founder Joel Rosenman......"We are taking a look at whether funds were misappropriated" ..........
(Excerpt) Read more at nypost.com ...
Robert's slightly hipper friend, Joel Rosenman, the son of a prominent Long Island orthodontist, had just graduated from Yale Law School. In 1967, the mustachioed Rosenman, 24, was playing guitar for a lounge band in motels from Long Island to Las Vegas. Roberts and Rosenman met on a golf course in the fall of 1966. By winter 1967, they shared an apartment and were trying to figure out what they ought to do with the rest of their lives. They had one idea: to create a screwball situation comedy for television, kind of like a male version of "I Love Lucy". "It was an office comedy about two pals with more money than brains and a thirst for adventure." Rosenman said. "Every week they would get into a different business venture in some nutty scheme. And every week they would be rescued in the nick of time from their fate. "
To get plot ideas for their sitcom, Roberts and Rosenman put a classified ad in the Wall Street Journal and The New York Times in March 1968: "Young Men With Unlimited Capital looking for interesting, legitimate investment opportunities and business propositions. " They got thousands of replies, including one for biodegradable golf balls. Another seemed strange enough to work as a real business venture; Ski-bobs, bicycles on skis that were a fad in Europe. Roberts and Rosenman researched the idea before abandoning it. In the process, the two went from would-be television writers to wanna-be venture capitalists. "Somehow, we became the characters in our own show," Rosenman said.
Artie Kornfield, 25, wore a suit, but the lapels were a little wide and his hair brushed the top of his ears. He was a vice president at Capitol Records. He smoked hash in the office and was the company's connection with the rockers who were starting to sell millions of records. Kornfeld had written maybe 30 hit singles, among them "Dead Man's Curve," recorded by Jan and Dean. He also wrote songs and produced the music for the Cowsills.
Michael Lang didn't wear shoes very often. Friends described him as a cosmic pixie, with a head full of curly black hair that bounced to his shoulders. At 23, he owned what may have been the first head shop inthe state of Flordia. In 1968, Lang had produced one of the biggest rock shows ever, the two-day Miami Pop Festival, which drew 40,000 people. At 24, Lang was the manager of a rock group called Train, which he wanted to sign to a record deal. He bought his proposal to Kornfeld at Capitol Records in late December 1968. Lang knew Kornfeld had grown up in Bensonhurst, Queens, like he had. Lang got an appointment by telling the record company's receptionist that he was "from the neighborhood." The two hit it off immediately. Not long after they met, Lang moved in with Kornfeld and his wife, Linda. The three had rambling, all-night conversations, fueled by a few joints, in their New York City apartment.
One of their ideas was for a cultural exposition/rock concert/extravaganza. Another was for a recording studio, to be tucked off in the woods more than 100 miles from Manhattan in a town called Woodstock. The location would reflect the back-to-the-land spirit of the counterculture. Besides, the Ulster County town had been an artists' mecca for a century. By the late 1960s, musicians like Bob Dylan, The Band, Tim Hardin, Van Morrison, Jimi Hendrix and Janis Joplin were moving to the area and wanted a state-of-the-art studio. Lang and Kornfeld were searching for seed money for the festival and money to build the recording studio. They never saw the "young men with unlimited capital" ad, but their lawyer recommended they talk to Roberts and Rosenman. The four met in February 1969. "We met with them in their apartment on 83rd Street in a high-rise," Lang recalls.--SNIP--
http://209.85.165.104/search?q=cache:q-kdCGmNuMkJ:www.woodstock69.com/wsrprnt1.htm
Wattstax was cooler than Woodstock anyway.
So that’s where the money came from...I guess if Hsu got caught this was the agreed on story
So that’s where the money came from...I guess if Hsu got caught this was the agreed on story
The Clintons are getting very unimaginative with their cover stories. Come-on Ickes, McAuliffe, Emanuel, Carvile, Begala, Wolfson. This is downright pitiful.
Put down the bong when typing.
I wonder why there’s no info on when this so-called “loan” to Hsu took place? Does anyone know?
Hsu’s been making large political contributions since 2003 (e.g. to Senator Kerry’s 2004 Presidential effort), yet it’s only *now* that the Woodstock guru notices he’s missing $40 million?!
Come on! He’s in on it with Hsu...
Woodstock fer cryin’ out loud?
Maybe Hsu took the brown acid.
and Charlie Trie’s money came from Bruce Springsteen,
and Maria Hsia’s money came from Keith Richarson
and Johnny Chung’s money came from Elvis
and the AlGore Buddaist temple money was really from John Lennon.
Yeah OK we get the picture.
Rock-concert-connected campaign fraud-right
Source Finance Investors sounds like they're really ahead of the curve, handing big bucks to a shadowy little fella like Hsu instead of, I don't know, Wall Street.
Move on, folks, nothing to see here.
Hopefully, this same DA will also connect the dots between Hsu, Clinton, NY Times and MoveOn.org money.
http://www.freerepublic.com/focus/f-news/1895800/posts
Better question is Why was he such a BIG contributor to the democrats ?
He just likes to give $$$ away
Wait a minute, i remember seeing a blurb somewhere
about a a Hillary Clinton $2 million earmark for a
Woodstock Memorial statue.
Can anyone confirm this piece of the puzzle?
This could be hugh and series. :-)
I wanted to read the rest of the article, but it wasn’t at the link. I’m interested because these 4 venture capitalists’ names are quite familiar to me, living near Woodstock, and I happened to notice that Kirsten Gillibrand (sp?), one of our Democratic state legislators, also received a nice little chunk ‘o change from Mr. Hsu.
"Hsuicide" note fingers Obama
Nuke's News & Views ^ | 9/13/07 | Nuke Gingrich
The headline is awesome.
Hsu letter appeared to be suicide note
*********************************EXCERPT***************************
Hsu's undoing began two weeks ago with articles raising questions about his fundraising activities in the Wall Street Journal and about a criminal case in his past in The Times. In his letter, said a person familiar with its contents who asked to remain anonymous, Hsu contended that those articles were planted "by a politician who pledged 'hope and change' " -- an apparent reference to Sen. Barack Obama, Clinton's main rival for the Democratic presidential nomination.
"This is a sad and baseless allegation," Obama spokesman Bill Burton said. "We had no knowledge of his past criminal behavior, fugitive status or a potential straw-donor scheme until reading it in the newspaper."
I lost $40M last month. It fell behind the dresser. Fortunately, my dog found it.
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