{"id":5416,"date":"2013-01-19T00:00:00","date_gmt":"2013-01-19T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2013\/01\/criminal_securities_fraud_news_1"},"modified":"2022-05-02T15:42:49","modified_gmt":"2022-05-02T20:42:49","slug":"criminal-securities-fraud-news-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/criminal-securities-fraud-news-1\/","title":{"rendered":"Criminal Securities Fraud News: Hedge Fund Founder Gets 12 Years for Fraud, Research Firm Executive Goes to Prison for Insider Trading, and Holding Firm CEO Enters Guilty Plea to Conspiring to Bribe Brokers"},"content":{"rendered":"

Hedge Fund Founder Gets 12 Years for Investment Fraud<\/strong><\/h2>\n

Albert Ke-Jeng Hu, the hedge fund founder of Fireside LS and Asenqua Beta Fund, is to serve 12 years behind bars for running an investment fraud<\/a> scam. Prosecutors say that he lied to clients and told them his funds contained over $200 million while promising they would get returns of up to 30%.<\/p>\n

The US government, however, says none of this was true and that Hu placed \u201cvirtually none\u201d of investors\u2019 money into the funds and instead, used the cash to pay off earlier investors and cover his personal spending. Last year, Ke-Jeng Hu, who was extradited from Hong Kong in 2009, was convicted of seven counts of wire fraud. The Securities and Exchange Commission\u2019s related securities case against him has not yet been resolved.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Hedge Fund Founder Gets 12 Years for Investment Fraud Albert Ke-Jeng Hu, the hedge fund founder of Fireside LS and Asenqua Beta Fund, is to serve 12 years behind bars for running an investment fraud scam. Prosecutors say that he lied to clients and told them his funds contained over $200 million while promising they […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3748,3811],"tags":[],"class_list":["post-5416","post","type-post","status-publish","format-standard","hentry","category-hedge-funds","category-insider-trading"],"yoast_head":"\nSecurities Fraud News: Hedge Fund Founder Gets 12 Years For Fraud | Investor Lawyers Blog<\/title>\n<meta name=\"description\" content=\"In recent criminal securities fraud news, a hedge fund founder has been given a 12 year prison sentence for invesment fraud.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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