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2007-09-14 Home Front: Politix

Grand Junction Bail was set today at $5 million for disgraced Democratic donor Yung Yuen "Norman" Hsu.

Bond? BOND???

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.

Posted by Steve White 2007-09-14 00:00|| || Front Page|| [11129 views ] Top

#1 Who's going to POST the bond? No bail bondsman I know. If I were Hsu, I think I would be very nervous accepting bond and walking out of custody. It seems to me there is a good chance he knows too much about powerful and dangerous people - and I am not (necessarily) referring to the campaign contribution recipients.

Posted by Glenmore">Glenmore 2007-09-14 08:11|| 2007-09-14 08:11|| Front Page Top

#2 I am not a lawyer, so can someone explain to me how a felon who has pled guilty, jumped bail, and has lots of money, is even given the consideration of bail? I mean, if you are arrested, you are considered innocent until proven guilty, and are entitled to bail. However, if you plead guilty, run away for years, and finally get caught, you aren't innocent any more.

Posted by Rambler">Rambler 2007-09-14 09:37|| 2007-09-14 09:37|| Front Page Top

#3 Why not set bail and follow whoever bails him? May lead to some organization that shouldn't even be giving money, like the ChiComs. But something tells me that the MSM will not follow this trail since it leads to you-know-where (Bill and Hill).

Posted by Jack is Back!">Jack is Back! 2007-09-14 11:05|| 2007-09-14 11:05|| Front Page Top

#4 chi coms are behind this hook line and sinker.

Posted by Black Bart Ulorong5938 2007-09-14 12:18|| 2007-09-14 12:18|| Front Page Top

#5 The $5M bail is chump change for the PLA. Expect "The Hsu" to post the gift to Grand Junction, get into the back seat of a black limo with the Hanrahan suits, and be last seen driving into the sunset. Lot of desert between there and San Mateo....

Posted by Phinater Thraviger 2007-09-14 13:51|| 2007-09-14 13:51|| Front Page Top

#6
If this guy is smart, he'll ask for protective custody and turn on his backers. Otherwise, he's a dead man.

Posted by Natural Law 2007-09-14 14:27|| 2007-09-14 14:27|| Front Page Top

#7 If this guy is smart, he'll ask for protective custody and turn on his backers. Otherwise, he's a dead man.

Is there some scenario where we can have it both ways?

Posted by Zenster">Zenster 2007-09-14 14:48|| 2007-09-14 14:48|| Front Page Top

#8 Hsu! You're free to go. Somebody paid your bail.
What!
Hello, Norman.
Mr. Berger? What are you doing here?
Get in the car, Norman...

Posted by tu3031 2007-09-14 16:57|| 2007-09-14 16:57|| Front Page Top

#9 Diddee find his passport yet?

Posted by Seafarious">Seafarious 2007-09-14 20:07|| 2007-09-14 20:07|| Front Page Top

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