Obama And That Other Ponzi Scheme The Smoking Gun ( http://www.infowars.com/?p=6922 ) January 1, 2009 Norman Hsu in court, Sept. 2007. As if being linked to one high-profile criminal case werenât enough, President-elect Barack Obamaâs 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, Hsuâs lawyer, Martin Cohen, requested a 60-day delay in the start of Hsuâs trial, scheduled to open January 12 (Cohen cited the âextraordinary level of negative publicityâ generated by the recent arrest of alleged Ponzi schemer Bernard Madoff). In his December 22 letter, a copy of which youâll find below, Cohen also noted that Hsu was already ânotorious for his political activitiesâ and that it was âinevitableâ that his clientâs âconnectionsâ to Bill and Hillary Clinton âand other democratic notablesâincluding perhaps the president-electâwill be introduced at trial.â Before becoming a key fundraiser for Hillary Clintonâs presidential bid, Hsu co-hosted a 2005 California fundraiser for Obamaâs political action committee and introduced the Illinois Democrat to Marc Gorenberg, a Silicon Valley venture capitalist who later joined the Obama campaignâs national finance committee. Prosecutors allege that Hsu directed his investors to donate money to specific candidates, and then reimbursed them in violation of federal campaign laws. Unswayed by Cohenâs argument, Marrero declined to delay the trial, which will begin a week before Obamaâs inauguration. Read article........ http://www.thesmokinggun.com/archive/years/2008/1231082hsu1.html