Norman Hsu surrendered to California authorities this morning, ending speculation on his whereabouts. The judge immediately slapped a $2 million bond on Hsu, which should keep him secure for the immediate future:
A top Democratic fundraiser wanted as a fugitive in California turned himself in Friday to face a grand theft charge.
San Mateo County Superior Court Judge H. James Ellis ordered Norman Hsu handcuffed and held on $2 million bond. A bail hearing was scheduled for Sept. 5, at which the judge will consider reducing his bail to $1 million.
Hsu appeared in court accompanied by a lawyer and publicist, both of whom declined to say whether the New York apparel executive would immediately post bail. A warrant was issued for his arrest after he skipped the sentencing for a 1991 grand theft charge.
The AP has this incorrect. He already pled guilty to the charge; he’s being held for sentencing. In 1992, he agreed to serve a three-year sentence. Hsu will probably face more time for his flight to avoid prison.
How long will it take for the Paw and Lee families to raise the $200,000 necessary for a bond to spring Hsu?