Fund Head Dropped Law Firms' Names In Fraud: DOJ

Law360, New York (March 19, 2009, 12:00 AM EDT) -- A Silicon Valley hedge fund manager arrested in Hong Kong on Tuesday on six counts of wire fraud relied on bogus ties to prominent law firms — including Proskauer Rose LLP and Pillsbury Winthrop Shaw Whitman LLP — to lure investors to his alleged schemes, according to federal prosecutors.

After his arrest for allegedly carrying out an investment fraud scheme involving the Asenqua Funds and the Fireside LS Fund that he administered from 2001 to 2008, Albert Ke-Jeng Hu was hit with a parallel suit by...
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