Hedge Fund Manager Jailed Over Kidnap Plot

Hedge fund manager Albert Hsu, 43, co-founder of Anchor Point Capital (he no longer works there), has been sentenced to two-and-a-half years in clink for impersonating his ex-mistress and posting an advertisement on a website asking that someone abduct and rape her. (How sick is that ?)

Hsu, who will now be registered as a sex offender for the rest of his life, pleaded guilty Wednesday to kidnapping and trafficking in personal identification information.

The story goes that the former hedgie impersonated the unidentified woman on the internet, posting her address and travel itinerary, claiming that 'I want a real life abduction and rape scene.....Only those who can deliver on my extreme desires need apply'. He also provided details of the woman's car, her number plate, what she would be wearing and where she normally stood at the station on her way to and from work.

This unpleasant stuff all came out when a man, interested in participating in the 'rape', called the woman up just to check it was on the level. Shocked, the woman called the police. The rest is history - and so is Hsu.

Our thanks to Wall Street Folly for pointing this item out to us.