Comments on: MORE ON THE HSU SWINDLE OF SOURCE FINANCING

By: michael

michael — Fri, 14 Sep 2007 01:31:25 +0000

This Rosenman guy has to know that his story is going to be looked at by the Feds. How will he explain loaning other peoples money to Hsu with no due diligence?

Hsu had no office, placed no orders for goods, had no contracts with Prada or Gucci, and made payments with post dated checks.

Wasn’t the fact that he was claiming to return a 40% profit enough to raise any suspicion?

No one does business like this. How can this cover story provide anything but more questions?

By: Suzy

Suzy — Thu, 13 Sep 2007 14:33:57 +0000

Rosenman is NOT a VICTIM…neither is Hillary….they are Co-CONSPIRATORS with HSU, CHENG, and OTHER Communist Chinese!!

IF the Feds or any smart investigative reporters unravel this scheme, it will blow the Clintons out of the political water for good.

By: arch

arch — Thu, 13 Sep 2007 11:54:54 +0000

Hillary’s first act will be to pardon Hsu.

By: retire05

retire05 — Thu, 13 Sep 2007 03:16:30 +0000

Rick, don’t buy this crap.

I was in the manufacture, wholesale and retail garment business for 15 years (having my own label). Any investor Hsu might have convinced would have wanted the names of the “high end” designers that Hsu would be funishing them with. High end labels do not seek third hand investors. They have banks with letters of credit that back them. They seek their own investors and there are federal laws that mandate how those investments are to be handled.
There are so many holes in this story from Rosenman I don’t know where to start.

Suffice to say it is all bull.

By: ajmontana

ajmontana — Thu, 13 Sep 2007 00:24:18 +0000

Rick said:
“I may be off base with this and if someone can give me a rational explanation why any sane businessman would think that accepting a post dated check in a deal like this would protect him somehow, Iâ€™m open to hearing it.”

I think you answered you’re own question with the sane part. But as saying goes “Theres a sucker born every minute”. One other thing, I’m totally convinced these days alot of folks just dont have plain old fashioned common sense.

By: Juan Paxety

Juan Paxety — Wed, 12 Sep 2007 19:16:23 +0000

Under the Uniform Commercial Code, most states did away with post-dated checks about a decade ago. Now, a check can be presented to a bank at any time after it is issued, regardless of the date. Because of this, I would be even more suspicious of any plan involving post-dated checks - it would be a sure tip off to me that something was fishy.

By: ajmontana

ajmontana — Wed, 12 Sep 2007 18:37:52 +0000

I have a feeling the Con Man Hall of Fame is going to be located in the south wing of the Clinton Library.

By: clarice

clarice — Wed, 12 Sep 2007 18:32:31 +0000

Go to hot air comments about Burkle and Susie Buell’s contacts with China and Hsu–Interesting possibilities.

By: clarice

clarice — Wed, 12 Sep 2007 17:47:02 +0000

One of the first reports said there were two big checks to Hsu–one from NY and one from Calif. Waiting for the Cal shoe to drop, Rick.

And someone might want to check out Rosenman’s partner, Yau Cheng , who like all the officials in his company gave a check for the max to Hillary on 3/28.

By: Larry

Larry — Wed, 12 Sep 2007 17:41:03 +0000

I do not believe Rosenman’s story.

No legitimate investor would hand over $40 million to a company that had no address or any track record.

Of course, if the investor was a big supporter of Hillary (as Rosenman is) then he might be inclined to look the other way as he funneled $40 million to Hsu.

I would not give Hsu credit for being a sophisticated con man.