We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Fund Head Dropped Law Firms' Names In Fraud: DOJ

Law360 (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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.