Hsu ordered held on $5 million bond in Grand Junction | PostIndependent.com

Hsu ordered held on $5 million bond in Grand Junction

Paul Shockley
Grand Junction Free Press

GRAND JUNCTION ” County Court Judge Bruce Raaum on Thursday ordered fugitive political donor Norman Hsu held on $5 million bond ” believed to be largest bond ever set in a Mesa County criminal hearing.

“Two million wasn’t enough … we’ll see if $5 million is,” Raaum said.

District Attorney Pete Hautzinger asked for a whopping $50 million bond. Hautzinger cited new allegations from California and New York ” where the DA said authorities have indicated their intent prosecute Hsu on new fraud charges ” in requesting the high bond.

Hsu’s checkbook showed he had access to $6 million when he was taken off a train in Grand Junction last week, he said.

“It’s almost like monopoly money at this point,” Hautzinger said.

Hsu is scheduled to appear again next Thursday before Judge Brian Flynn, clearing the way for his extradition to California.

Hsu, 56, was arrested Sept. 6 after becoming ill on an Amtrak train while traveling from San Francisco to Denver. He’s remained hospitalized in Grand Junction the past six days.

Hsu surrendered in San Mateo County, Calif., on Aug. 31 posted a $2 million bond in connection with a 1992 felony case. He was scheduled to appear there Sept. 5 to turn over his passport.

Instead, he skipped out.

Hsu pleaded no contest in 1992 to a grand theft charges in a roughly $1 million fraud scheme.

He’s contributed more than $600,000 in the past three years and did fundraising for candidates, including U.S. Sens. Barack Obama and Hillary Rodham Clinton, as well as U.S. Rep. Mark Udall.

Those candidates have since given Hsu’s contributions to charities.

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