Prosecutors Seek 30 Years To Life For Hsu

Law360, New York (September 25, 2009, 3:35 PM EDT) -- Federal prosecutors are requesting that infamous political donor Norman Hsu receive 30 years to life in prison for allegedly violating campaign finance laws and running a Ponzi scheme that defrauded investors out of more than $50 million.

In a sentencing memorandum filed Thursday, the U.S. Attorney's Office for the Southern District of New York said the loss attributable to Hsu should be between $50 million and $100 million, or the amount of principal that Hsu did not repay to investors when his Ponzi scheme collapsed in...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.