October 25, 2014
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.