A federal judge has sentenced former Democratic fundraiser Norman Hsu (shoo) to more than 24 years in prison for violating campaign finance laws.
Hsu learned of his punishment Tuesday at a federal court in Manhattan.
His donations became an embarrassment for Hillary Rodham Clinton’s presidential campaign. His arrest led Clinton to return more than $800,000 to donors linked to Hsu.
Prosecutors say Hsu obtained millions of dollars from investors by claiming clothing or high-technology ventures would pay returns of 14 and 20 percent. Instead, he spent the money on himself.
Hsu’s decade-long Ponzi scheme collapsed in September 2007.
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