Hsu Out Of Jail, Barred From Hometown

May 9 2007 | 1:49pm ET

Anchor Point Capital founder Albert Hsu is a free man, sort of, after a Connecticut judge slashed his bond by more than half and ordered him into therapy.

Hsu, a former hedge fund manager who had been jailed awaiting trial on attempted sexual assault charges, must spend at least 30 days in treatment for bipolar disorder in Brewster, N.Y., before he is released, whereupon he will live with his parents in Bayside, N.Y. The New Canaan, Conn., resident is barred from entering that town, which is also home to his alleged victim. He is also forbidden from attempting to contact her.

Judge Robert Devlin facilitated Hsu’s release by cutting his bail from $1 million to $400,000. The prosecutor, Paul Ferencek, opposed the motion, arguing that the victim is “afraid for her safety” and that it will be impossible to monitor Hsu out of state.

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.

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

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...