Former hedge fund manager pleads guilty to kidnap-rape plot
Albert Hsu, 43, of New Canaan, pleaded guilty in Stamford Superior Court on Tuesday to attempted first-degree kidnapping and trafficking in personal identification information, The Advocate of Stamford reported. Several other charges were dropped.
The former Cub Scout leader and married father of two will be sentenced Dec. 10. He will also have to register with the state as a sex offender and serve 12 years of probation after the jail time.
Hsu co-founded Coral Gables, Fla.-based Anchor Point Capital LLC in 2005 and watched the hedge fund grow to $95 million. Anchor Point fired Hsu because of his arrest, according to court records.
State prosecutors said Hsu became upset when his mistress broke off their affair in 2005 and stalked her for more than a year. New Canaan police warned him twice to stay away from her.
Police arrested him in March on allegations he posed as the woman and posted an ad on a bondage Web site inviting readers to kidnap and rape her as part of a sexual fantasy.
"I want a real-life abduction and rape scene," the fake Web ad read. "Only those who can deliver on my extreme desires need apply."
Hsu later exchanged several e-mails with a New Jersey man who responded to the ad. He described the woman's car and where she usually stood on a train station platform in the e-mails.
The scheme unraveled when the New Jersey man asked to talk on the phone so he could confirm the woman he was writing to had actually posted the ad. He became suspicious when Hsu would not provide a telephone number and called the listed home number for the 36-year-old woman, who was terrified and called police, according to an arrest warrant affidavit.
"Clearly these events placed the victim at great risk," prosecutor Paul Ferencek said at Tuesday's court hearing.
Hsu left the courthouse without commenting. He spent a month earlier this year getting treatment for bipolar disorder at a rehabilitation clinic.
His wife, Kendra, said the family is suffering because of the case. Court records show she has been awarded a $1 million financial settlement as part of a pending divorce proceeding. A judge has not yet ruled on custody of the couple's two children, who are 13 and 14.
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