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).
Iran caught in kidnapping plot
oyetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oyetimes.com Daily Mail and Mail on Sunday newspapers.
Platonic parenting: Why more people are having babies with friends
todaysparent.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from todaysparent.com Daily Mail and Mail on Sunday newspapers.