WSJ: New Charges Imminent against HsuThings are going to get a lot worse for Norman Hsu before they get better. From The Wall Street Journal (sub. req.):
Federal officials are expected to bring a criminal case against Norman Hsu today, charging the Democratic super-donor with operating a $60 million pyramid scheme and violating campaign-finance laws.The case, to be announced this afternoon by the U.S. attorney’s office in the Southern District of New York, encompasses complaints by investors who gave tens of millions of dollars to Mr. Hsu, who said he was putting the money into a lucrative apparel operation. It also is expected to charge Mr. Hsu with crimes relating to his legendary fund-raising.
Update: The AP reports the prosecutors will announce an indictment at 1 PM.
Later Update: Oops. The AP now says that it won’t be an indictment, but a criminal complaint.