DECEMBER 31 As if being linked to one high-profile criminal case weren t enough, President-elect Barack Obama s name may soon pop up in another federal prosecution, this one involving a massive Ponzi scheme (no, the other massive Ponzi scheme).
In addition to the Rod Blagojevich pay-for-play probe, Obama could figure in the upcoming fraud trial of Norman Hsu, the disgraced Democratic fundraiser who was charged last year with operating a $60 million pyramid scheme. According to investigators, Hsu, a major Hillary Clinton fundraiser, pressured investors to donate money to political candidates with whom he was aligned.
In a letter last week to U.S. District Court Judge Victor Marrero, Hsu s lawyer, Martin Cohen, requested a 60-day delay in the start of Hsu s trial, scheduled to open January 12 (Cohen cited the extraordinary level of negative publicity generated by the recent arrest of alleged Ponzi schemer Bernard Madoff).
The Financial Fiduciary Standard Explained kiplinger.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kiplinger.com Daily Mail and Mail on Sunday newspapers.
National News
Today in History
Today is Wednesday, July 14, the 195th day of 2021. There are 170 days left in the year.
by Associated Press
Jul. 13 2021 @ 8:23pm
Today is Wednesday, July 14, the 195th day of 2021. There are 170 days left in the year.
Today s Highlight in History:
On July 14, 1798, Congress passed the Sedition Act, making it a federal crime to publish false, scandalous or malicious writing about the United States government.
On this date:
In 1789, in an event symbolizing the start of the French Revolution, citizens of Paris stormed the Bastille prison and released the seven prisoners inside.
In 1865, the Matterhorn, straddling Italy and Switzerland, was summited as a seven-member rope party led by British climber Edward Whymper reached the peak. (Four members of the party fell to their deaths during their descent; Whymper and two guides survived.)
Notable events on this date in history sj-r.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sj-r.com Daily Mail and Mail on Sunday newspapers.