Hedge Fund News From HedgeCo.Net


US fund manager challenges extradition from HK

The Associated Press – A Silicon Valley hedge fund manager wanted in the U.S. on charges he duped investors out of at least $5 million challenged his extradition from Hong Kong on Wednesday.

Fund manager Albert Hu, an American citizen, told a Hong Kong court through his lawyer that he wanted to exercise his right to see evidence in his case, in which U.S. officials are seeking his extradition to California.

"He feels that he must seek evidence (from) the prosecution," said defense counsel Jonathan Acton-Bond.

Hu had indicated he was willing to surrender to the U.S. during his first court appearance last week, according to Hong Kong’s Department of Justice.

Read Complete Article

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , , , , , , , , , . Bookmark the permalink.

Comments are closed.