Friday, 27 March 2015
Last updated 2 hours ago
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.
Judge 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
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…