Mercury News – A former Silicon Valley hedge fund manager is on trial in San Jose federal court, accused of bilking local investors out of millions of dollars in a wide-ranging scam in which he lured clients with phony claims of backing from prominent international law firms and well-known auditors.
In a jury trial set to resume Thursday, Albert Ke-Jung Hu faces seven counts of wire fraud for his alleged role in a scheme prosecutors say was “a facade (he) fabricated to lure victim-investors to invest in his funds.”
