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Posted: 10:18 AM Sep 5, 2007
Democratic Donor Norman Hsu Fails To Appear For Bail Hearing
Democratic fundraiser Norman Hsu (SHOO) has failed to appear for a bail hearing in Redwood City.
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Democratic fundraiser Norman Hsu (SHOO) has failed to appear for a bail hearing in Redwood City.
Hsu forfeits his request to have his $2 million bail cut in half.
Hsu's lawyer says he doesn't know where he is.
Hsu has been a fugitive in California for 15 years during which time he became a top donor to Democratic candidates, including presidential contenders Hillary Rodham Clinton and Barack Obama.
Hsu pleaded no contest in 1991 to a felony count of grand theft, admitting he'd defrauded investors of $1 million in a bogus investment scam.
Prosecutors say he was facing up to three years in prison when he skipped town before being sentenced.
Federal Election Commission records show Hsu donated $260,000 to the Democratic party and candidates since 2004.
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