2007-09-14 Home Front: Politix
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$5 million bail for fugitive Hsu
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Grand Junction Bail was set today at $5 million for disgraced Democratic donor Yung Yuen "Norman" Hsu.
Mesa County District Attorney Pete Hautzinger asked for a $50 million bond because Hsu had a checkbook that showed a balance of $6 million and because of other allegations that Hsu had bilked investors of more than $40 million in recent years.
Mesa County Judge Bruce Raaum set bail at $5 million after Eric Eliff, Hsu's attorney, argued that Hautzinger's figure was excessive and that his client's illness made him incapable of traveling far. Eliff did not elaborate on the illness.
Last week, Hsu surrendered in San Mateo, Calif., and posted a $2 million bond in connection with a 1992 felony case. He had been convicted of grand theft 15 years ago in a $1 million fraud scheme involving the sale of latex gloves. Hsu failed to show up for a Sept. 5 court hearing and was arrested the following day in Grand Junction after becoming ill on an Amtrak train while traveling from San Francisco to Denver.
He skipped bond, so now he's given an opportunity to make bond. Somebody's working magic somewhere ... | He was discharged from St. Mary's Hospital on Wednesday and booked into Mesa County Jail. Hsu is being held in administrative segregation at the jail, where he is away from other inmates and guards can maintain constant surveillance.
Eliff said that Hsu will not fight extradition to California at a hearing set for Wednesday in Mesa County District Court.
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Posted by Steve White 2007-09-14 00:00||
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Posted by Black Bart Ulorong5938 2007-09-14 12:18||
2007-09-14 12:18||
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Posted by Phinater Thraviger 2007-09-14 13:51||
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Posted by Natural Law 2007-09-14 14:27||
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Posted by tu3031 2007-09-14 16:57||
2007-09-14 16:57||
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