“GRAND JUNCTION, Colo., Sept. 13 ‚Äî A judge ordered a cash bond of $5 million for Norman Hsu, the shadowy Democratic fund-raiser, after Colorado authorities told the court here that Mr. Hsu might have been involved in another multimillion-dollar fraud investigation involving dozens of investors in Orange County, Calif.
The revelation that Mr. Hsu, a fugitive for 15 years in a California fraud case, might be implicated in another fraud investigation came after New York investors learned this week that $40 million they had invested with Mr. Hsu might be in jeopardy.
Mr. Hsu’s lawyer, Eric Elliff, said Mr. Hsu was willing to waive extradition and would probably be taken to California after a hearing here on Sept. 19.
Appearing via television from the Mesa County Jail, Mr. Hsu looked haggard, his gaunt frame draped in a yellow jail uniform and his head twitching as lawyers debated his bond and a recent letter in which Mr. Hsu had suggested that he might harm himself.
“That’s a lot of cash for anyone to come up with,” Mr. Elliff said of the bond. “He’s anxious to return to California to faces the charges against him.”
Mr. Hsu was a major campaign contributor for many Democratic politicians including Senator Hillary Rodham Clinton of New York, who is seeking the party’s presidential nomination and who has returned $850,000 in contributions tied to him.
Mr. Hsu, 56, turned himself in on Aug. 31 after skipping out on a 1992 sentencing for felony fraud in California. He had been directed to appear in court last week in Redwood City, Calif., to surrender his passport and seek a reduction of the $2 million bail he posted.
After missing last week‚Äôs court date, Mr. Hsu was arrested in Colorado after becoming ill on a train headed for Denver.”
His lawyer says he doesn’t have the cash although his checkbook shows about 6 million and change. A little bio on the judge:
“Bruce Raaum has been a partner with Beckner Achziger McInnis Raaum & Shaver since 1998. He is also a bond magistrate for the Twenty-First Judicial District and has been an associate municipal judge for Parachute since 2004. From 1992 to 1998, he was an associate with Harshman & McBee. Raaum has practiced criminal defense, been appointed alternate defense counsel in delinquency cases, and guardian ad litem in dependency and neglect cases. He received his bachelor’s degree from North Dakota State University and J.D. from the University of Nebraska.”
Just a little information for the diggers. Nevertheless, this is mindboggling, but again it’s Colorado.
No Response
CommentGuy
September 14th, 2007 at 12:33 pm
1I will have to go back and find it, but one article I read said the prosecuter cited CO law which states the only crime you can refuse bail for is a capital crime.
Will try later today to find it again and post a link.
CommentGuy
September 14th, 2007 at 2:58 pm
2OK found it
h/t SuitablyFlip
pagar
September 15th, 2007 at 6:08 am
3On the subject of bail, anyone notice bail has been set for one of the accused in the South Carolina terrorist bust?
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