MORE HSUNANIGANS: The Wall Street Journal reports:

The Justice Department and the Securities and Exchange Commission are investigating investments associated with prominent Democratic fund-raiser Norman Hsu, people familiar with the matter said.

The SEC started its preliminary investigation after a Wall Street Journal article last week said a New York fund couldn’t account for $40 million it had invested with Mr. Hsu. Both agencies also are investigating losses reported by others who have invested with Mr. Hsu, including a complaint from investors in California who claim they are missing more than $30 million. . . .

Mr. Hsu also is under investigation by federal prosecutors for potential violations of federal election laws.

The latest probes center on a case also being looked into by the Manhattan district attorney’s office. Two weeks ago, Source Financing Investors, a fund started by Joel Rosenman, a founder of the Woodstock music festival, told the district attorney’s office it was concerned about $40 million it gave recently to Mr. Hsu to invest in 37 deals, its partners told investors last week.

I’ll be interested to see what they find.