Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Hu Fraud Judge Weighing Sentence of 10-12 1/2 Years

(Corrects city of hearing in first paragraph.)

Jan. 14 (Bloomberg) -- Albert K. Hu, who was convicted of running a California hedge fund scheme the government said cheated investors of at least $6.5 million, may be sentenced to 10 years and one month to 12 years and seven months, the judge said in a sentencing hearing in San Jose, California.

U.S. District Judge Ronald M. Whyte made the remark today before hearing from victims and hasn’t imposed a sentence yet. Hu, 50, was found guilty by a jury in June of seven counts of wire fraud.

To contact the reporter on this story: Joel Rosenblatt in San Francisco at jrosenblatt@bloomberg.net.

To contact the editor responsible for this story: Charles Carter at ccarter12@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.