Hsu May Be Released From Jail Next Week

May 2 2007 | 10:49am ET

The founder of hedge fund Anchor Point Capital could be out of jail as early as next week, a judge has said, if he gets treatment for bipolar disorder.

Albert Hsu: One of the photos of himself he posted on Collarme.comAlbert Hsu: One of the photos of himself he posted on Collarme.comJudge Robert Devlin said he will consider reducing Albert Hsu’s bond from $1 million to $400,000 at a hearing on May 9, the Stamford Advocate reports, provided that his attorney and family get him inpatient treatment for the condition. Hsu has been charged with attempted first-degree sexual assault and reckless endangerment, among other charges, for allegedly setting up an ex-mistress to be kidnapped and raped.

Prosecutors charge that Hsu, posing as the victim, a 36-year-old New Canaan woman with whom he had an affair from 2002 to 2005, posted an ad on a bondage and sadomasochism Web site, seeking “a real-life abduction and rape scene.” Hsu included personal information in the ad, including contact details and travel information.

Though his former lawyer said at a hearing in March that Hsu was “greatly embarrassed” by his actions, the former hedge fund manager has pleaded not guilty to all counts. His father told the Advocate that he apologies to the victim and her family, “and I’m so sorry for my daughter-in-law and my two grandkids,” who may transfer to a different school as a result of the news coverage in New Canaan.

The prosecutor, Paul Ferencek, opposed Hsu’s motion, saying that the victim is “greatly afraid for her safety” and disputing Hsu’s claim that he is bipolar, saying he has seen no medical records indicating such a diagnosis.

For his part, Hsu’s lawyer, Robert Bello, said the defendant is not a flight risk and will surrender his passport and stay out of New Canaan and away from the victim if he is released from the Bridgeport Correctional Center. Bello complained that it will be difficult to defend Hsu if he remains in jail, because the two have limited opportunities to meet.

In His Own Words: Screenshot Of Hsu's Page on Collarme.com

RELATED STORIES:

Hsu Partner: Anchor Point To Remain Open
Conn. Hedge Fund Manager Arrested, Charged With Attempted Kidnapping, Sexual Assault


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.