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Thursday, May 16, 2024 | Back issues
Courthouse News Service Courthouse News Service

Feds Indict Disgraced Big Shot Norman Hsu

MANHATTAN (CN) - Norman Hsu swindled investors of more than $20 million through his companies Next Components and Components Ltd., federal prosecutors say. One way he did it was by contributing big bucks to presidential candidates, lending himself credence in the public eye, while threatening his victims that if they didn't contribute to the candidates too, he would hurt them financially, prosecutors say. Hsu allegedly took more than $60 million from his suckers before he was revealed this summer to be a fugitive from a fraud indictment in California.

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