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, […]
Category: Courts & Cases
Pension Investments Under Microscope
The issues behind the New York pension investments scandal are going nationwide, according to this Times report. A survey of practices across the country portrays a far-reaching web of friends and favored associates: political contributors, campaign strategists, lobbyists, relatives, brokers and others, capitalizing on relationships and paying favors. These influential figures can determine how pension […]
In the Courts
An update on two important cases you may have been following: 1. A hearing in the New Jersey consent decree case (Democratic National Committee v. Republican National Committee) is scheduled for tomorrow. More background on the consent decree and the case can be found here. 2. Argument in the EMILY’s List case is scheduled for […]