Former Democratic fundraiser Norman Hsu was charged with operating a $60 million Ponzi scheme in 2009. According to the New York Times, big-name politicians like Hillary Clinton received contributions from Hsu, who pleaded guilty to 10 counts of mail and wire fraud as part of his fraudulent operation. Hsu acquired investors by promising high returns, but then paid early investors with funds from later ones, the Times reports. Hsu's scheme began to unravel when it was discovered he had failed to show up for sentencing in California in 1992 for his involvement in another case of defrauding investors. Hsu had skipped court and gone to Hong Kong, later returning to New York in 2003. When Hsu's outstanding warrant came to light, politicians who received contributions from Hsu like Hillary Clinton, Eliot Spitzer, Andrew Cuomo, Barack Obama and Al Franken, all donated the money to charity. Hsu is now serving 24 years in prison.
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