Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!



Recent Entries
Absent Friends
Bandersnatch 2024
GnuBreed 2024
Captain Hate 2023
moon_over_vermont 2023
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info:
maildrop62 at proton dot me
Cutting The Cord And Email Security
Moron Meet-Ups






















« Iraq Study Group: Surge Working, Iran Needs To Be Blocked | Main | Olfactory Advertising »
September 08, 2007

Shock: New York Times Investigates Hsu, Finds Direct Payments From His Shell Companies To Alleged "Donors"

The next question is "Where did the money come from originally?"

But for now, this advances the story quite a bit.

The records show that Components Ltd., a company controlled by Mr. Hsu that has no obvious business purpose and appears to exist only on paper, has paid a total of more than $100,000 to at least nine people who made campaign contributions to Mrs. Clinton and others through Mr. Hsu. The payments occurred in the spring of 2003, several months before Mr. Hsu emerged as a contributor to Democrats and more than a year before he started bundling checks from those same people for various campaigns. In all, he has raised more than $1 million for Democrats.

The records make clear that the group was more than just a loose collection of friends, family and co-workers that bundlers typically rely on when raising money for a candidate. Rather, each person had a direct financial relationship with Mr. Hsu, either receiving money from his company or paying into it, even though many of them appear to have other jobs or businesses independent of him. The purpose of the payments, and whether they related to business costs, fees or expenses, is unclear.

...

The timing of Mr. Hsu’s payments is important because federal law sets a $2,300 limit on individual contributions to presidential campaigns and bars fund-raisers from reimbursing donors.

...

The records show that during that one-month period, Components Ltd. took in close to $600,000, about a third of it wired to the company’s account by two people in California and New York who also were part of Mr. Hsu’s circle of campaign contributors. At the same time, the company issued checks and wire transfers totaling $660,000, much of it to the same group of people, including two checks for more than $100,000 apiece that bounced because of insufficient funds.

It's not a mystery. He's laundering illegal contributions, either from those not entitled to donate to political campaigns (foreign nationals) or from very rich donors who have easily exceeded the federal limits. He takes the illegal money in, writes checks to his network of straw (fake) donors, then they give "their" money to Hillary! and Co.

Thanks to David.


digg this
posted by Ace at 07:42 PM

| Access Comments




Recent Comments
Decaf: "Reminds of a story my brother, a historian, told m ..."

Tim "Born to Kill" Walz: "Trump is Micheal Myers !!!!!!!!!!!!!!!!!!!!!!!!!!! ..."

Xipe Totec: "The most pathetic Ford evah! The ALL NEW, Piece of ..."

...: "I think it has helped them quite a bit, for decade ..."

People's Hippo Voice : "Why do people act like betting markets have some s ..."

whig: "337 Why do people act like betting markets have so ..."

ShainS -- In Trump's America, Garbage Throws YOU Out! [/b][/i][/s][/u] : "In hindsight it seems obvious. Yes, many people wa ..."

gKWVE: "[i]how did they identify male Orthodox Jews, and h ..."

Xipe Totec: "Babylon Bee: Millions of garbage bags seen lining ..."

ChrisW: "It's like when the media told us that football cro ..."

18-1: "[i]In the 80s and 90s he was going off on Japan. C ..."

Obligatory Seinfeld reference : ">>>An all white fiesta? What the hell is that? ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64