Democrats

Conviction upheld in NYC for ex-Dem fundraiser

A federal appeals court on Friday upheld the conviction and 24-year prison sentence of a former Democratic fundraiser in a case that became an embarrassment to Secretary of State Hillary Rodham Clinton and other marquee Democrats.

The 2nd U.S. Circuit Court of Appeals rejected efforts by Norman Hsu to reverse his conviction and reduce his sentence. It said a lower court judge acted properly during his trial.

And it also upheld the lower court’s calculation of losses to investors, saying it was fair to include the fake profits Hsu was telling investors they were collecting in their accounts even though they did not really exist. The amount was significant at sentencing because higher totals result in longer prison sentences when financial crimes are involved.

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