State of California Issues Warrant for Arrest of Norman Hsu After His Failure to Appear in Court
Shrimp Boy wasn't his only creditor.
While the press did not cover it, in 1991 he was charged in San Mateo in an 18-count indictment with grand theft for allegedly luring 20 investors into a series of deals in which he bought and sold latex gloves--the only problem being that the gloves didn't exist, according to the criminal charges at the time. In February 1992 he entered a "no contest" plea to one count of felony grand theft, for which he was to receive three years in jail. Yet four months later he failed to appear for sentencing, and the judge issued an arrest warrant for him.
Ronald Smetana, a lawyer with the California attorney general’s office, said Mr. Hsu was charged with stealing the investors’ money after it turned out he never bought any gloves and had no contract to resell them.
When Mr. Hsu was to attend a sentencing hearing, he faxed a letter to his lawyer saying he had to leave town for an emergency and asking that the court date be rescheduled, Mr. Smetana said.
He failed to show up for the rescheduled appearance, and a bench warrant was issued for his arrest. That was the last that prosecutors saw of Mr. Hsu.