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Democratic Fundraiser Norman Hsu, who was recently arrested for a warrant issued in 1992, has failed to show up for his bail reduction hearing. He may be on the run again.

SF Chronicle reports:

Hsu forfeits the $2 million bail he posted last week. A judge has issued a new warrant for his arrest.

Hsu’s lawyer says he doesn’t know where he is.

Developing…

Update: Michelle has it now, too.

UPDATE: Not only is Hsu missing, but so is his passport.

A warrant was issued this morning for Democratic fundraiser Norman Hsu, who failed to appear this morning for a bail hearing on a 15-year-old grand theft charge.

Superior Court Judge Robert Foiles ordered Hsu, a major fundraiser for Sen. Hillary Rodham Clinton’s presidential campaign, to be held without bail should he make an appearance. Last week, he was released after posting $2 million bail.

Hsu’s attorney James Brosnahan, explained that he had lost contact with Hsu and that the financier had failed to deliver his passport as promised.

“Mr. Hsu is not here and we don’t know where he is,” Brosnahan said outside court. “We expected him to be here.”

Brosnahan told Foiles that a legal assistant for his law firm went to Hsu’s New York City condominium last week and spent 90 minutes searching for Hsu’s passport.

The man went missing for 15 years, had a bench warrant out, and pre-determined bail set at $2 million. Yet they let him keep his passport?

Update: Hot Air has more. He was originally going to be 10 minutes late - that was hours ago:

We do not know where he is as of this moment,” Hsu’s attorney James Brosnahan informed the judge. Foiles had earlier stated that his office had received a call that Hsu was going to be “approximately 10 minutes late,” Foiles said…

“There was some contact (with Hsu) a few hours ago,” Brosnahan said outside the courtroom, though he would not elaborate other than to say he was “not sure” where Hsu was when they spoke.

Is Hsu stuck in traffic?