Thursday, 11 February 2016
Last updated 3 hours ago
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