Hillary's donor linked to China missile trader -- Is the Hsu about to drop?

WorldNetDaily: A shady Chinese megadonor to Hillary Clinton's presidential campaign has close ties to an aerospace mogul accused of placing his business interests before national security by sharing missile secrets with Beijing during the Clinton administration. Before his forced resignation last week, Norman Yuan Yuen Hsu sat on the board of trustees of the liberal New School Univ. in New York with former Loral Corp. head Bernard L. Schwartz, who was allowed to transfer restricted satellite and missile technology to a People's Liberation Army front after contributing a record amount of cash to President Clinton's 1996 campaign.

The New School has removed Hsu's name from its list of trustees. But the old list showing both Hsu and Schwartz is still captured on Google's cache files. Here is the screen shot. Schwartz, vice chairman of the New School board, was among officials who introduced Hsu to the school's administration, WND has learned. Last November, Schwartz and Hsu chaired a New School banquet at the Mandarin Oriental in New York which featured Sen. Clinton as keynote speaker. Clinton steered a $1 million federal grant to the college. More recently, Schwartz and Hsu appeared together at the New York Yacht Club for Democratic Rep. Patrick Kennedy's 40th birthday bash.

The pair are . . . major donors to Clinton's war chest – with Hsu raising more than $1 million for her campaign. Hsu, like Schwartz, has lobbied the U.S. government to relax trade rules with China. Before he was a Friend of Hill, Schwartz was a Friend of Bill. In fact, then-President Clinton feted Schwartz on his 71st birthday at a White House dinner. Sources say Schwartz vouched for Hsu at New School, even though he was a fugitive convicted of grand theft in California. New School President Bob Kerrey assumed . . . Hsu, a self-described apparel magnate, made his money in the garment industry. But even that claim is now in question. It turns out that the various companies Hsu listed on federal campaign filings with the FEC no longer exist, and may always have been fictitious. Last decade Hsu declared bankruptcy. The FBI has opened a criminal investigation into Hsu's fund-raising activities.

Republicans in Congress, meanwhile, see parallels to last decade's Chinagate fund-raising scandal, and are clamoring for public hearings to get to the bottom of what may be a new chapter in an old tale of corruption, foreign influence-peddling and espionage. All told, 22 Democrat donors were convicted in the Chinagate probe, which the Justice Department officially closed a few years ago.

After he was convicted of fraud last decade, and allegedly kidnapped by a Chinese gang in San Francisco, Hsu fled to Hong Kong, where he was born and raised. He returned to the U.S. not long after Hillary Clinton won her Senate seat. Then – for the first time – he started donating heavily to Democrats. He gave no political campaign gifts in the U.S. before 2004. "The source of Hsu's income at this point is unknown," . . . "It begs the question, where did he get the resources to contribute so much money?" . . . [Read More] ARRA Question: With the Norman Hsu being allowed to be bonded out of jail after being a fugitive for 15 years on a $2 million bond, we must ask why was he not in jail? Why was he allowed to keep his passport? Has he fled back to China again? Or is he dead? With a bond payment of $2 million dollars, is the bonding agency seeking the help of "bounty hunters" to find and return Hsu to justice? Or were they paid off as well?

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Tags: Bernard Schwartz, campaign funds, China, Democrats, fraud, Hillary Clinton, New School, Norman Hsu, Patrick Kennedy To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!