Norman Hsu Found Guilty of Violating the Federal Election Campaign Act

NEW YORK, May 19 /PRNewswire-USNewswire/ -- Lev L. Dassin, the Acting United
States Attorney for the Southern District of New York, announced that Norman
Hsu was found guilty today on all four counts in the superseding indictment
charging him with violating the Federal Election Campaign Act by making
contributions to various political campaigns in the names of others. Hsu was
found guilty following a six-day trial before U.S. District Judge Victor
Marrero in Manhattan federal court.

The evidence at trial established that every year from 2004 through 2007, Hsu
asked other individuals to make contributions to designated federal
candidates. Hsu directly reimbursed the individuals for the political
contributions they had made on his behalf. Contributions amounted to in
excess of $2,000, but rose to exceed $25,000 in each of the following three
years.

On May 7, 2009, Hsu pleaded guilty to five counts of mail fraud and five
counts of wire fraud in connection with an investment scheme in which he
defrauded investors across the United States of millions of dollars.

Each of the mail fraud and wire fraud counts carries a maximum prison term of
20 years in prison and a maximum fine of the greater of $250,000 or twice the
gross gain or less from the offense. Each of the four counts of federal
campaign finance fraud of which Hsu was found guilty carries a maximum prison
term of five years in prison and a maximum fine of the greater of $250,000 or
twice the gross gain or loss from the offense.

Hsu, 57, is scheduled to be sentenced on the campaign finance, mail and wire
fraud counts on August 19, 2009, at 9:30 a.m. by Judge Marrero.

Mr. Dassin praised the work of the Federal Bureau of Investigation and thanked
the Department of Justice's Public Integrity Section for its assistance in
this case.

This prosecution is being handled by the Office's Public Corruption Unit.
Assistant United States Attorneys Katherine A. Lemire, Alexander J. Willscher
and Rua M. Kelly are in charge of the prosecution.

SOURCE U.S. Department of Justice

Yusill Scribner or Rebekah Carmichael, both of the Office of Acting United
States Attorney Lev L. Dassin, Southern District of New York, +1-212-637-2600