The Venture Capital Firm that Wasn't There

Discussion in 'Wall St. News' started by dealmaker, Sep 16, 2016.

  1. dealmaker

    dealmaker

    Asenqua Ventures has a shady history, and a fictional present.
    In 2012, hedge fund manager and venture capitalist Albert Hu was convicted of a financial fraud that stretched from Silicon Valley to Hong Kong. Today, he is locked up in the minimum security wing of Lompoc federal prison—inmate #131600-111—without access to the Internet. But, somehow, his bogus investment firm has come back to life.


    http://fortune.com/asenqua-ventures-vc-firm/
     
  2. R1234

    R1234

    yep. This guy used to be a professor of mine!
     
    dealmaker likes this.