FBI News Release

U.S. Department of Justice
Federal Bureau of Investigation
450 Golden Gate Avenue, 13 th Floor
San Francisco, CA 94102

FOR IMMEDIATE RELEASE
September 6, 2007

Fugitive Fraudster Norman Hsu Arrested by the FBI

FBI agents arrested Yung Yuen “Norman” Hsu at 7:00 p.m. Mountain Daylight Time today at St. Mary’s Hospital in Grand Junction, Colorado. Mr. Hsu was arrested on federal charges of Unlawful Flight to Avoid Prosecution.

In 1991 Mr. Hsu pled no contest to grand theft charges stemming from an investment fraud scheme, but disappeared before he could be sentenced. After fifteen years as a fugitive, Mr. Hsu turned himself in to the San Mateo Superior Court on August 31, 2007. He subsequently failed to appear for his bail hearing yesterday.

Following Mr. Hsu’s failure to appear, Superior Court Judge Robert D. Foiles issued a bench warrant for his arrest. When it became apparent Mr. Hsu may have fled the state, the California Attorney General’s Office requested the Office of the United States Attorney and the FBI seek a federal warrant for his arrest.

The FBI located Mr. Hsu in Colorado where officers from the Grand Junction Police Department and agents from the Denver office of the FBI took him into custody tonight. He will be returned to California to be sentenced in San Mateo Superior Court in connection with his 1991 conviction.

After Mr. Hsu is returned to state custody, federal charges will be dismissed.

The Mesa County Sheriff’s Office, US Immigration and Customs Enforcement, and the US State Department Diplomatic Security Service assisted in this investigation.

Media inquiries may be directed to FBI Special Agent Joseph M. Schadler at 415-553-7450 or 415-725-9143 (mobile), or by email at joseph.schadler@ic.fbi.gov.