Tuesday, 24 November 2015
Last updated 3 hours ago
Oct 12 2007 | 5:36am ET
The former hedge fund manager who this week pleaded guilty to attempted kidnapping for seeking to have his ex-mistress abducted and raped is saying sorry.
In an interview with the Stamford Advoacte after his plea, Albert Hsu apologized to his victim. “I am very sorry for the pain I caused her and her family.”
While accepting responsibility for his actions—”What I did was wrong,” he said. “I never denied what I did.”—he said the media had “oversensationalized” the case. He also said he has a severe form of bipolar disorder that was underdiagnosed three years ago.
Hsu will be sentenced to two-and-a-half-years in prison. He acknowledged posting an advertisement on a sadomasochism Web site, posing as his ex-mistress, seeking “a real-life abduction and rape scene.” He included personal information about the woman, including her license plate number and where she preferred to stand at the commuter rail station while waiting for the train to New York.
He told the Advocate that he hopes to return to investing after his release from prison. He also said he hopes to repair his relationship with his two teenage children, who he has seen weekly since his stint in rehabilitation.
“We are trying to move on,” he said. “It’s going to take a lot more work.”
Hsu’s wife, Kendra, has filed for divorce, and was rewarded $1 million as part of a pending settlement.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…