Norman Hsu Receives License to Sell Real Estate in California
Norman Yung Yuen Hsu (Chinese: 徐詠芫), born October 1951, is a convicted pyramid investment promoter who associated himself with the apparel industry.
His business activities were intertwined with his role as a major fundraiser for the Democratic Party, and he gained notoriety after suspicious patterns of bundled campaign contributions were reported in 2007. Subsequently he was discovered to have been a long-time fugitive in connection with a 1992 fraud conviction. After turning himself in to California authorities in 2007 he fled the state again and was quickly recaptured.
The U.S. Justice Department investigated whether Hsu illegally reimbursed political donations by associates and formally charged him with fraud. On November 27, 2007, a federal grand jury indicted Hsu on charges of violating federal campaign finance laws and defrauding investors "out of at least $20 million.
Norman Yung Yuen Hsu was born in October 1951 in Hong Kong, he has told acquaintances. A former college friend and business associate, Pedro Woo, says Mr. Hsu's ethnic roots are in Shanghai. He moved to California and received a Social Security card there in 1969, when he enrolled at University of California, Berkeley, as a computer-science major. He married shortly after graduating, in May 1974, at age 22, according to a marital certificate.