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September 20, 2007
Posted: 03:15 PM ET
NEW YORK (CNN) – Federal prosecutors have charged Democratic fund-raiser Norman Hsu with breaking campaign finance laws and creating a $60 million Ponzi scheme. Federal prosecutors announced the criminal complaint Thursday at a press conference in Manhattan. Hsu has raised money for several Democratic candidates, but most substantially for Sen. Hillary Clinton's, D-New York, presidential bid. Clinton's campaign has said it will return the $850,000 Hsu raised to the individual contributors. Clinton told CNN's Jessica Yellin Thursday she is not worried Hsu's charge will have a negative affect on her campaign. "Unfortunately none of us caught the problem that were there," she said. "This happened to a lot of campaigns, a lot of investors who made investments that unfortunately don't look like they were treated appropriately. The system of justice will work its course, and I think that's appropriate." Filed under: Hillary Clinton Norman Hsu
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