Jack Hsu, 74, also goes by the names Hsu Lin Lin and Hsu Ling Ling. He has lived in Singapore, Taiwan and the United States.
In February 1992, Hsu was convicted at trial in Dallas, Texas, USA of five counts of bank fraud and five counts of embezzlement from a bank. In April 1992, he was sentenced to 33 months in federal prison but he was allowed to remain free on bond while waiting for his prison designation.
On May 21, 1992, Hsu failed to report to his designated prison facility in Boron, California, USA. A warrant was issued for his arrest but he fled to Taiwan where he remained on the run for 30 years.
On July 12, 2022, Hsu was arrested in Singapore by the Singapore Police Force at the request of the U.S. government. He consented to his extradition after court proceedings in Singapore.
On October 11, 2022, Singapore’s Minister for Law K. Shanmugam, 63, ordered Hsu’s surrender. On October 14, 2022, Hsu was returned to Texas by plane.
On October 17, 2022, Hsu appeared in court in Texas. He will start serving his 33-month bank fraud and embezzlement sentence immediately.
In the U.S., bank fraud is committed when someone knowingly executes or attempts to execute a scheme or artifice to defraud a financial institution or to obtain any of the moneys, funds, credits, assets, securities or other property owned by or under the custody or control of a financial institution via false or fraudulent pretenses, representations or promises. Anyone found guilty of bank fraud shall be fined not more than $1,000,000 or imprisoned not more than 30 years or both.
Embezzlement happens when a person is entrusted with his or her employer’s money and the person converts the money for his or her own use. An employee stealing company funds is an embezzler.