| Ponzi
Schemer David Hu Pleads Guilty and Agrees
to Pay $129M Sentencing in June
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
Jan 28 – David Hu was charged
with conspiracy to commit
investment adviser fraud,
securities fraud and wire
fraud in connection with the
Venezuela Recovery
Fund.
On January
28, U.S. District Court for
the Southern District of New
York Judge Alvin K. Heller
held a change of plea
proceeding. Inner City Press
covered it.
Hu is agreeing to
forfeit some $129 million.
His sentencing
will be pushed back to June,
or maybe long if his lawyer
has his way.
The case is US v.
Hu, 20-cr-360 (Hellerstein)
***
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