Where did Norman Hsu get his money?
....A company controlled by Mr. Hsu recently received $40 million from a Madison Avenue investment fund run by Joel Rosenman, who was one of the creators of the Woodstock rock festival in 1969. That money, Mr. Rosenman told investors this week, is missing.
Mr. Hsu told Mr. Rosenman the money would be used to manufacture apparel in China for Gucci, Prada and other private labels, yielding a 40% profit on each deal, according to a business plan obtained by the [Wall Street] Journal. Now the investment fund, Source Financing Investors, says Mr. Hsu's company owes it the $40 million, which represents 37 separate deals with Mr. Hsu's company. When Source Financing recently attempted to cash checks from the company, Components Ltd., the investors say they were told the account held insufficient funds.
...."Norman Hsu has an extraordinary ability to deceive," says Seth Rosenberg of Clayman & Rosenberg, a lawyer representing Mr. Rosenman.
....Mr. Hsu himself has donated $750,000 to Democrats and Democratic parties out of his own pocket since 2004, according to campaign-finance records.
In checks no larger than $2,300 apiece -- the legal limit for donations to single candidates for a primary or a general election -- Mr. Hsu also raised more than $850,000 for New York Sen. Hillary Rodham Clinton's presidential campaign.
....Mr. Rosenberg, the attorney for Mr. Rosenman, asked politicians to hold on to the funds so that Source Financing and other investors can be made whole. "It appears that Source Financing Investors joins Hillary Clinton...and many others as his victims," Mr. Rosenberg said in an interview. "We urge candidates who received contributions from Mr. Hsu to retain those funds so that they may be returned to victims of the scheme."