24 Years In Prison for Ponzi Scheme

Norman Hsu, who was convicted in May of making illegal campaign contributions (to Democratic candidates, if it matters), was this week sentenced to 24 years in prison for bilking investors of an estimated $20 million in a Ponzi scheme.

In a related event, no action is being taken against the members of Congress who enacted social security, a much larger Ponzi scheme in which several hundred millions taxpayers of been bilked of trillions of dollars through payroll taxes since the enactment of social security.

On the positive front, social security hasn't completely collapsed. Yet.

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