DEVELOPING STORY: California businessman Norman Hsu, a former New York apparel executive and major contributor to Democratic candidates and causes, failed to appear for a bail reduction hearing Wednesday, leading to speculation that he again is a fugitive from the law, FOX News has learned.
Hsu’s attorneys say they do not know his whereabouts, and that their client did not surrender his passport.
Hsu turned himself in to authorities last week after more than 15 years on the run from a felony conviction of grand theft. He admitted to defrauding investors of $1 million in a bogus investment scam.
He failed to appear in court for sentencing on that 1991 conviction, a revelation that prompted high profile Democrats — including presidential candidate Hillary Clinton — to return thousands of dollars donated by Hsu.
A warrant has now been issued for his arrest:
REDWOOD CITY, Calif. — A warrant was issued this morning for Democratic fundraiser Norman Hsu, who failed to appear for a bail hearing on a 15-year-old grand theft charge.
San Mateo County Superior Court Judge Robert D. Foiles ordered Hsu, a major fundraiser for Sen. Hillary Rodham Clinton’s presidential campaign, to be held without bail should he make an appearance. Last week, Hsu was released after posting $2 million bail.
Hsu’s attorney, James Brosnahan, explained that he had lost contact with Hsu and that the financier had failed to deliver his passport as promised.
“Mr. Hsu is not here and we don’t know where he is,” Brosnahan said outside court. “We expected him to be here.”
Brosnahan told Foiles that a legal assistant for his law firm went to Hsu’s New York City condominium last week and spent 90 minutes searching for Hsu’s passport.
Where has he gone? Dan Riehl speculates that he may have gone back to Hong Kong.
Hat tip: Gateway Pundit, who has many more links on this developing story.