Posted on 09/13/2007 6:03:04 AM PDT by libstripper
Fugitive Yung Yuen Norman Hsu will be transferred to the Mesa County Jail sometime tonight, Mesa County District Attorney Pete Hautzinger confirmed this afternoon.
Hautzinger said he was told today to be prepared to handle Hsus bond-setting hearing Thursday.
Hautzinger said he plans to ask for at least $4 million bond for the wealthy businessman. One day before Hsu was arrested in Grand Junction, he skipped a bond hearing in a San Mateo, Calif., courtroom.
Given that he failed to appear on a $2 million bond, I have to ask the judge to double that at least, Hautzinger said.
(Excerpt) Read more at gjsentinel.com ...
Thanks Enchante.
Liz, take your bp meds and read what Enchante posted here.
This is a 24 hour, HSUicide Watch.
Yeah? Right!
BAIL????? BAIL????? Is Hautzinger DIRTY also???
Bernard Scwartz...Stephen Schwartzman....Peter Lewis.....also.
Anyone know where Bruce “Mr. Fixit” Lindsey is? I bet Hillary has already discussed Hsu’s demise with Bruce already...
Who knew there was so much to be learned from World History? We are witnessing the most efficient political machine since the halcyon days of 1940’s-era Germany.
CONN. JOB SHOWS NEW YORK PENSION-PROBE PATH NY POST By ANDY SOLTIS September 10, 2007
EXCERPT The suspected pay-to-play pension-fund scheme being investigated in New York bears a striking similarity to a Connecticut kickback scandal a decade ago that landed its state treasurer in prison. In New York, AG Andrew Cuomo and Albany District Attorney David Soares are probing how the state pension fund poured hundreds of millions of dollars into a variety of different investment firms - which in turn paid substantial fees to companies affiliated with former state Comptroller Alan Hevesi's top political consultant, Hank Morris.
Disclosures about the Comptroller's Office, including the disappearance of documents, recall in several stunning parallels the Connecticut scandal that ended with the conviction of eight people, the implication of five investment firms, and a four-year jail sentence for the state treasurer, Paul Silvester.
New York and Connecticut are among the few states that give one person the sole right to decide how to invest the massive pension funds of state workers and retirees. In Connecticut, Silvester had authority over an $18 billion pension fund when he was appointed treasurer by his friend Gov. John Rowland in 1997. Before he was voted out a year later, Silvester steered $500 million to certain private equity firms - after convincing them to pay "finder's fees" to politically connected middlemen. Such fees are often legal, but in Connecticut, part of the fees were illegally kicked back to Silvester.
In New York, investigators are looking into Morris and others who might have received improper benefits. A focus of the probe is whether investment firms that received large sums from Hevesi during 2003 to 2006 were directed to pay "placement fees" to a small Greenwich, Conn., financial-services firm, Searle & Co. The Post reported last month that probers learned that Morris received a large share of at least $13 million in fees given to Searle.
Prosecutors connected the dots by showing how Silvester invested $200 million in a fund run by Triumph Capital Group - which then gave $1 million, disguised as a consulting fee, to Silvester's campaign manager, and another $1 million to a second Silvester associate (and relatives).
The investigation revealed that a Triumph official who steered the payments used a software program called Destroy-It! to erase evidence from his computer. In New York, sensitive state pension-fund documents related to the investigations were destroyed after Hevesi left office in disgrace last January.
Silvester later cooperated with the feds, was the star witness against Triumph, and pleaded guilty to racketeering, bribery and money laundering. His brother and brother-in-law also pleaded guilty to taking part in the kickbacks.
"Hi there, Mr Hsu. Hillary sent me. I'm your universal health
care specialist. Let me help you into the back of my van....."
When I read stuff like this, I get one of my very rare headaches.
Which Shues of HSU’s should we check out?
Probably, HSU’s left Shue!
Check my new tagline.
I’m told that Gitmo is nice this time of year....
That is a good tagline.
Could be a long night...
Should we set up a Death Watch?
If you would like to send Hillary!!(tm) a Donation:
Press ONE for Cantonese
2) Mandarin
3) Manchu
4) Jin
5) Min
6) Wu Tang Clan
7) Wang Chung
8) General Tso
9) Espanol
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.