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Criminal

Jan. 16, 2013

Hedge fund founder sentenced to 12 years in investor fraud case

A San Jose federal judge sentenced hedge fund founder Albert Ke-Jeng Hu to 12 years in prison Monday for defrauding investors out of millions of dollars.

By Hadley Robinson
Daily Journal Staff Writer

A San Jose federal judge sentenced hedge fund founder Albert Ke-Jeng Hu to 12 years in prison Monday for defrauding investors out of millions of dollars. A Northern District jury convicted Hu in June for lying to investors about how much money he had in two hedge funds and misrepresenting the firms affiliated with them in a fraud scheme that lasted from 2002 to 2008. He targeted prominent Chinese-American business people in Silic...

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