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Posts Tagged ‘Hedge funds waiting to invest $300 billion: report’

US fund manager challenges extradition from HK

Wednesday, March 25, 2009 : Permalink

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.

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