Norman Hsu, 56, a big-time national Democratic fundraiser, surrendered to San Mateo County law authorities this morning more than 15 years after a $2 million grand theft warrant was issued for him. Hsu is currently being held in San Mateo County Jail.
During proceedings this morning, Hsu’s attorney tried to lower his bail to $1 million, but Judge James Ellis kept it at $2 million. Hsu allegedly had a $1 million cashier’s check on hand if his bail were lowered, according to county officials.
Hsu has raised more than $250,000 over the past several years for prominent national Democrats such as Sen. Hillary Clinton, D-New York, and Sen. John Kerry, D-Mass, the party’s nominee for the White House in 2004.
A sentencing date for the 1991 conviction, which involved a fraudulent scheme to sell latex gloves, has not been set.
Hsu's next court date is Sept. 5 at which time his attorneys will ask to have his bail reduced, according to San Mateo County Chief Deputy District Attorney Steve Wagstaffe.
San Mateo County Sheriff's Lt. Lisa Williams said Hsu is going through the booking process without incident.
The California Attorney General's Office is handling the 1991 case and an office spokesman was not immediately available for comment on Hsu's bail reduction request.
— Bay City News contributed to this report