The Incredible Disappearing Hsu Trick

A few things about Norman Hsu and his bail (which he appears to have skipped on) warrant questions. apparently, when he showed up to surrender last week, there was some kind of deal worked out between his lawyers and the prosecutor to reduce Hsu's bail from the $2 million that was specified on the bench warrant to $1 million. The judge balked and refused to honor that deal.

"We've had good preliminary discussions with the (prosecutors) about how to resolve this case," Brosnahan said, although he declined to say when and if a new plea agreement could be reached.

But the first part of those discussions blew up Friday morning when San Mateo Superior Court Judge James Ellis refused to accept a bail plan both attorneys had agreed to. Deputy Attorney General Ronald Smetana asked for $1 million in bail – money that Hsu agreed could later be used to reimburse victims of his scam – but the judge balked and ordered bail set at $2 million. When Hsu could not immediately come up with the money, he was taken from the courtroom in handcuffs.

It was the first time Hsu has spent time in jail on the charges. His attorney arrived at the San Mateo County courthouse at around 2 p.m. with the bail money.

So, how was this deal reached and where did all that money come from? This was cash – not bond. That is a lot of money to have lying around. Even more importantly, why did the prosecutor or the judge not demand Hsu's passport? More on the incredible disappearing Hsu from the LA Times:

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.

Prosecutors in California said Hsu disappeared in 1992 after pleading no contest and agreeing to serve up to three years in prison for defrauding investors in a Ponzi scheme.

"We don't know if he has his passport," Deputy Atty. Gen. Ralph Sevilla said. "What we do know is that a bench warrant has been issued."

Asked if Hsu has left the United States, Sevilla said that "he has that capability."

THAT makes it sound as if the passport was supposed to be handed over. But why in the world did they let him walk out of jail until it was?

UPDATE: And it's an all-right extravaganza! Amazing, isn't it? Not one left-leaning blog has commented on this – at least none are showing on MemeorandumMichelle Malkin, Hot Air, Wizbang, Right Wing Nut House, The American Pundit, Suitably Flip,  Riehl World View, Wake up America, Don Surber, Jammie Wearing Fool, A Blog For All, Liberty Pundit, Fausta, Captain's Quarters, Gateway Pundit, Sister Toldjah, Pajamas Media, Detroit Populist Times, TigerHawk, Betsy Newmark, NewsBusters, In From the Cold, The Belmont Club, Badger Blog Alliance, MVDG, The Oxford Medievalist, John Lott, The Influence Peddler,

Suitably Flip, meanwhile has continued to do the heavy lifting and has provided a hot-link to a graphic he made comparing the Hsunami with the Abramoff scandal. I'd just point out here that there is another $2 million in play that is now confiscated by the court. Money total is looking on par, but Abramoff gave about 30% of his money to Democrats. Hsu was virtually all to them. This one is going to get ugly.

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11 Responses to The Incredible Disappearing Hsu Trick

  1. lynndh says:

    Sorry, but it won’t get ugly. Why, because it involves Dems. MSM will not push this at all. Hate to say but it’s true. I guess I am getting more cynical.

  2. FedUp says:

    Great graphic! Can’t wait for the spin on this one! I’m sure that all the recipients of this largess from Hsu are JUST SHOCKED!!!! Hope they can recover…

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  4. feeblemind says:

    Hope Gaius is right about things getting ugly but fear Lynndh may be closer to the mark. I am betting HRC slithers out of this unscathed. I wonder who gets the $2 million windfall in forfeited bail?

  5. Gaius says:

    My thinking here is that this is too smelly a fish for the media to ignore. I could be wrong, but regardless of the politics of the MSM, when a story gets too juicy it is going to get covered.

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  7. Pingback: politicalpartypoop.com » Blog Archive » “Hsu, fly, don’t bother me” - LOL!

  8. Thanks for the link, But I’m not a Right Wing Blog… :lol: ;)

  9. Gaius says:

    You were a late add to the list. A very few non-right blogs finally did comment later in the day.

  10. Angevin13 says:

    Thanks for the link!

    Great blog you have, BTW.

  11. Gaius says:

    You’re welcome and thanks.

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