H$u Bombshell: $60 Million Ponzi HillRaisiing Scheme

"$60 million Pol Ponzi" from the NY Post reports that Senator Hillary Rodham Clinton's fave fundraiser Norman Hsu has been nailed for bilking investors to be a top "HillRaiser".

Norman Hsu, 56, was charged with wire, mail and election fraud in a growing national scandal complete with phony companies, duped investors and red-faced politicians.

Feds said Hsu - who raised more than $850,000 for Clinton before being jailed last month on charges related to a different investment scheme - hoodwinked victims into pouring money into two bogus investment companies.

Hsu then used a portion of the $60 million to reimburse investors whom he had pressured to make contributions on his behalf to presidential campaigns, including Clinton's, authorities said.