Day: May 8, 2009

“Ponzi Scheme” Plea

According to The Times, Norman Hsu pleaded guilty yesterday to mail and wire fraud related to his financial dealings. Prosecutors have said that from 1997 through 2007, Mr. Hsu persuaded scores of victims to invest at least $60 million in his scheme, and that he ultimately defrauded victims of at least $20 million. Mr. Hsu, […]