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Updated Tuesday, September 11, 2007 0:00 am TWN, Los Angeles Times

FBI examines Hsu's murky business venture

WASHINGTON -- The FBI has begun examining a murky business venture run by disgraced Democratic fundraiser Norman Hsu that paid out hefty profits over the past several years to investors, some of whom were pressed to make contributions to Hillary Rodham Clinton and other political candidates. Sources told the Los Angeles Times on Sunday that a number of participants and their associates in Southern California and elsewhere have been in contact with the agency about an investment pool operated by Hsu.

One, Irvine businessman Jack Cassidy, said he had tried to warn authorities and the Clinton campaign as early as last June that he feared Hsu was running an illicit enterprise but got no response.

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