Albert Hu Is Sentenced to 12 Years for Running Hedge Fund Fraud

Albert K. Hu, who was convicted of running a California hedge fund fraud scheme that the government said cheated investors of at least $6.5 million, was sentenced to 12 years in prison.

U.S. District Judge Ronald M. Whyte imposed the sentence today in San Jose, California. Hu, 50, formerly of Fremont, California, and Hong Kong, was found guilty by a jury in June of seven counts of wire fraud.

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