MANHATTAN (CN) - Norman Hsu swindled investors of more than $20 million through his companies Next Components and Components Ltd., federal prosecutors say. One way he did it was by contributing big bucks to presidential candidates, lending himself credence in the public eye, while threatening his victims that if they didn't contribute to the candidates too, he would hurt them financially, prosecutors say. Hsu allegedly took more than $60 million from his suckers before he was revealed this summer to be a fugitive from a fraud indictment in California.
Subscribe to our free newsletters
Our weekly newsletter Closing Arguments offers the latest about ongoing trials, major litigation and rulings in courthouses around the U.S. and the world, while the monthly Under the Lights dishes the legal dirt from Hollywood, sports, Big Tech and the arts.
Additional Reads
-
-
Texans head to the polls for high-stakes US Senate primary February 17, 2026