The Washington Times - September 7, 2007, 09:13AM
nabbed“Runaround Hsu” SEE RELATED:


Norman Hsu’s quickly jumpstarted life on the lam came to a screeching stop less than 48 hours after it began when he got sick on the California Zephyr and was nabbed after being rushed to a Colorado hospital, according to the FBI.\ The prolific Democratic fundraiser and fugitive was busted at 7 p.m. Mountain Daylight Time by FBI agents from the Denver office, according to Special Agent Joseph M. Schadler in the FBI’s San Francisco office.\ \ He was still in St. Mary’s Hospital in Grand Junction — 250 miles west of Denver — Thursday evening, according to Pete Smarr, a nursing supervisor. Smarr declined to say what Hsu was suffering from — other than to report him in custody and in “fair” condition.\ \ Hsu was traveling on Train #6, according to Cliff Cole, an Amtrak spokesman. Hsu boarded the train in Emeryville and was scheduled to get off the train in Denver, Cole said. Cole had no information as to who — if anyone — Hsu may have been traveling with.
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Pennsylvania Gov. Ed Rendell became the latest of many Democratic politicians to return or donate to charity Hsu’s election contributions.\ \ Rendell had said last week he planned to keep nearly $40,000 of Hsu’s money even though he was wanted for failing to appear for sentencing after pleading no contest to a felony charge of bilking investors out of $1 million.\ \ “Though Norman is my friend, and remains so, his failure to appear casts a new light on his assertions regarding the original case,” Rendell said in a statement before Hsu’s arrest Thursday. “As a result, I will follow other elected officials and donate the money he contributed to me to charity.”\ \ New York Sen. Hillary Rodham Clinton has said she plans to give to charity the $23,000 in donations she received from Hsu for her presidential and senatorial campaigns and to her political action committee, HillPac.
background on Hsu’s past
In the 1991 grand theft case, Hsu was charged with bilking about 20 investors, including his ex-girlfriend, out of about $1 million in connection with a business that was supposed to provide latex gloves to another firm — only no gloves were ever bought or sold, prosecutors said.\ \ “What Mr. Hsu was in the business of was running a Ponzi scheme,” prosecutor Ron Smetana said at a preliminary hearing, according to the transcript. “He was taking money and spending part of it on himself and returning it as it was available. As with any Ponzi scheme, the first ones in and the first ones out always do quite well. Those (who) hope that their investment will continue and stay to the end tend to lose their shorts.”
$1.6 million— Robert Stacy McCain, assistant national editor, The Washington Times