Norman Hsu Sentenced on Original Fraud Charges
A judge on Friday sentenced disgraced political donor Norman Hsu to three years in state prison after rejecting the one-time Democratic rainmaker's bid to throw out a 16-year-old fraud conviction.
Hsu's lawyers had asked Superior Court Judge Stephen Hall to dismiss his 1992 no contest plea, arguing his right to a speedy trial was violated because authorities weren't actively pursuing him during his years as a fugitive. They could easily have arrested Hsu, his lawyers argued, at one of the fundraisers he hosted in California for prominent local politicians.
On September 13, 2007, a Colorado judge denied a prosecutor's request for bail to be set at $50 million and instead set bail for Hsu at $5 million. The prosecutor reported Hsu to have a checkbook listing a balance of $6 million at the time of his capture in Grand Junction. The presiding judge remarked, "$2 million wasn't enough to keep Mr. Hsu from running. We'll see if $5 million will do it."
On January 4, 2008, Hsu was sentenced to jail for 3 years by California Superior Court Judge Stephen Hall for the original fraud conviction, now 16 years old. Judge Hall rejected Hsu's argument that his right to a speedy trial was denied by authorities who could have easily found and arrested him.
I'm happy, real happy. He finally got what he deserved.”— Anonymous Investor