Norman Yung Yuen Hsu,born October 1951, is a convicted pyramid investment promoter who associated himself with the apparel industry. His business activities were intertwined with his role as a major fundraiser for the Democratic Party, and he gained notoriety after suspicious patterns of bundled campaign contributions were reported in 2007. Subsequently he was discovered to have been a long-time fugitive in connection with a 1992 fraud conviction. After turning himself in to California authorities in 2007 he fled the state again and was quickly recaptured.
Hsu was born and raised in Hong Kong,though his family was originally from Shanghai.At age 18, he immigrated to the United States and obtained a BS degree in computer science from the University of California, Berkeley in 1973. Hsu married in 1974 and received a California real estate license in 1976. In 1981, he completed an M.B.A. from the Wharton School. He and other Hong Kong partners formed the sportswear company Laveno in 1982, which went bankrupt in 1984. He then created other sportswear companies, including Wear This, Base, and Foreign Exchange.He engaged in other businesses as well, including clothing stores and restaurants. During this time, he became a naturalized American citizen.
The U.S. Justice Department investigated whether Hsu illegally reimbursed political donations by associates and formally charged him with fraud.On 27 November 2007, a federal grand jury indicted Hsu on charges of violating federal campaign finance laws and defrauding investors "out of at least $20 million.