StubbornFacts
Stubborn Facts
Stubborn Facts

Navigation

User login

Subscribe via RSS

Resources

The latest from our partner, the PoliGazette

Blog Roll

Scandal Season Is Here!

Submitted by Tully on Wed, 08/29/2007 - 7:41am

And it's not just for Republican cruisers.

Big Source of Clinton's Cash Is an Unlikely Address

It isn't obvious how the Paw family is able to afford such political largess. Records show they own a gift shop and live in a 1,280-square-foot house that they recently refinanced for $270,000. William Paw, the 64-year-old head of the household, is a mail carrier with the U.S. Postal Service who earns about $49,000 a year, according to a union representative. Alice Paw, also 64, is a homemaker. The couple's grown children have jobs ranging from account manager at a software company to "attendance liaison" at a local public high school. One is listed on campaign records as an executive at a mutual fund.

The Paws' political donations closely track donations made by Norman Hsu, a wealthy New York businessman in the apparel industry who once listed the Paw home as his address, according to public records. Mr. Hsu is one of the top fund-raisers for Mrs. Clinton's presidential campaign. He has hosted or co-hosted some of her most prominent money-raising events.

Yeah yeah. Likely not as mysterious as it sounds, though the Paw family may have an embarrassing record of fund-shifting among family members that coincides with their political donations. Right? But who is this Mr. Hsu fellow anyway?

Leading Clinton Donor Stays Below the Radar

Norman Hsu is one of the leading political fund-raisers in the country this year. In fact, many fund-raisers say he is one of a small handful of people capable of raising more than $1 million -- a major feat considering the maximum donation allowed by an individual for 2008 races is $4,600 per candidate.

...Until three years ago, Mr. Hsu never made a campaign contribution to a presidential candidate, according to federal election records. Now, though, several people involved in raising money for White House candidates say Mr. Hsu is a major player.

Many "HillRaisers" -- people who rustle up at least $100,000 for Hillary Clinton's presidential campaign -- are dwarfed beside Mr. Hsu (pronounced "Shu"). Several people involved in Democratic presidential fund-raising say Mr. Hsu, an apparel executive, has raised well over $1 million for the New York senator's presidential campaign, making him one of the top 20 Democratic fund-raisers in the country. The Clinton campaign doesn't disclose such details and declined to comment for this story.

So far, so what. Worth checking out, but Hsu is hardly the only partisan rainmaker running around the country. And while the amounts raised look large, they dwarf compared to the money pumped into the system by such players as George Soros.

But is there more here than meets the eye?

Big Dem fundraiser wanted on swindling charges

The Los Angeles Times reports on this website tonight and in Wednesday's print editions that a major Democratic Party fundraiser named Norman Hsu is wanted by authorities for skipping out on an agreement to serve up to three years in prison after pleading no contest to grand theft swindling charges.

In a story by Chuck Neubauer and Robin Fields, The Times reports that for three years Hsu has been carving out a place of political and financial influence by funneling hundreds of thousands of dollars in campaign contributions into Democratic Party coffers, much of the money earmarked for Sen. Hillary Clinton. He has earned the ranking of Hillraiser for pledging to raise at least $100,000 for her.

Tsk tsk. It pays to background your major donors to avoid fallout, doesn't it? Something tells me the privacy of the Paw family is about to vanish.

UPDATE: The LA Times story is here.

Recent comments

Advertisements
StubbornFacts.us does not endorse the content of any advertisement

Featured Movie

Syndicate

Syndicate content

Who's online

There are currently 0 users and 2 guests online.