Washington DC - (Ass Mess): Yet another busy week for the Manhattan District Attorney's orifice as Capitol Hill eminence grise Norman Hsu's mysterious wealth is traced to a $40 million black hole in company accounts likened to a copycat fraud of his indicted 1991 Californian embezzlement charges.
Hsu's munificent generosity to political campaigns, such as those of Hillary Clinton's 2008 White House bid, has now been linked to a Chinese rag trade scam.
US press reports today say that his tailoring front company borrowed some $40 million from 'from a Madison Avenue investment fund' allegedly run by Joel Rosenman, an associate involved in the 1969 staging of the Woodstock rock festival.
That cash soon vanished as collateral financial support for a haute couture investment project went down the pan after estimated 40% profit projections were found to be pure fantasy.
Now Rosenman wants his money back.
But to do so he may have to instigate criminal bankruptcy charges against Hsu who was caught in Colorado last week in an FBI bust that initially locked him up in a psychiatric hospital as a bail bond fugitive awaiting sentencing in California for a 1991 fraud.
Meanwhile New York Senator Hillary Clinton has vowed to return the $2 million that Hsu gave to her presidential campaign.
"Of course Sen Cliton is horrified at the taint," a campaign source said today.