--- title: "Meaning & Key Takeaway of: As alleged, David Hu directed a…" description: "\"As alleged, David Hu directed a multimillion-dollar, years-long scheme to defraud investors. Putting profit ahead of his fiduciary duties, Hu allegedly..." image: "https://sms4smile.com/quotes/i/011/audrey-strauss-46103_ahead_as-alleged-david-hu-directed-a-multimill_952610.jpg" --- # As alleged, David Hu directed a multimillion-dollar… ![“As alleged, David Hu directed a multimillion-dollar, years-long scheme to defraud investors. Putting profit ahead of his fiduciary duties, Hu allegedly mismarked millions of dollars of loan assets to cover up millions in losses. Hu also created fake entities and loans, and falsified paperwork to…” quote by Audrey Strauss](https://sms4smile.com/quotes/i/011/audrey-strauss-46103_ahead_as-alleged-david-hu-directed-a-multimill_952610.jpg) [Download](https://sms4smile.com/quotes/i/011/audrey-strauss-46103_ahead_as-alleged-david-hu-directed-a-multimill_952610.jpg) [Open image](https://sms4smile.com/quotes/i/011/audrey-strauss-46103_ahead_as-alleged-david-hu-directed-a-multimill_952610.jpg) > “As alleged, David Hu directed a multimillion-dollar, years-long scheme to defraud investors. Putting profit ahead of his fiduciary duties, Hu allegedly mismarked millions of dollars of loan assets to cover up millions in losses. Hu also created fake entities and loans, and falsified paperwork to deceive auditors and avoid detection.” [Audrey Strauss](https://sms4smile.com/quotes/author/audrey-strauss/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. A high‑level executive allegedly manipulated loan records and created fake entities to hide massive losses, prioritizing profit over fiduciary duty. **In simple terms:** Executive fraud and deception. Key Takeaway Beware of unchecked authority. Themes fraud ethics corporate governance Mood cautious critical Type warning informative When to use this quote - investment decisions - board oversight - regulatory compliance Key Concepts financial manipulation misrepresentation audit evasion Questions to Reflect On - How can organizations detect such schemes early? - What safeguards could prevent similar fraud? A Different Perspective Legal consequences may be delayed despite evidence. ★ ★ ★ ★ ★ No ratings yet [Ahead](https://sms4smile.com/quotes/about/ahead/) [Avoid](https://sms4smile.com/quotes/about/avoid/) [Customer](https://sms4smile.com/quotes/about/customer/) [David Hu](https://sms4smile.com/quotes/about/david-hu-1707768/) [Deceive](https://sms4smile.com/quotes/about/deceive/) [Defraud Investors](https://sms4smile.com/quotes/about/defraud-investors-1707769/) [Fake](https://sms4smile.com/quotes/about/fake/) [Hu Allegedly](https://sms4smile.com/quotes/about/hu-allegedly-1707767/) [Hu Created](https://sms4smile.com/quotes/about/hu-created-1707770/) [Hu Directed](https://sms4smile.com/quotes/about/hu-directed-1707771/) [Investing](https://sms4smile.com/quotes/about/investing/) [Profit](https://sms4smile.com/quotes/about/profit/) ## Related quotes > [As alleged, the most senior executives at Brixmor engaged in a years-long scheme to cook the books and deceive the investing public.](https://sms4smile.com/quotes/audrey-strauss/as-alleged-the-most-senior-executives-at-brixmor-engaged-in-a-years/) [Audrey Strauss](https://sms4smile.com/quotes/author/audrey-strauss/) > [Oh, what a tangled web we weave...when first we practice to deceive](https://sms4smile.com/quotes/anonymous/oh-what-a-tangled-web-we-weave-when-first-we-practice-to-deceive/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Trust the story ... the storyteller may dissemble and deceive, the story can't: the story can only ever be itself.](https://sms4smile.com/quotes/james-robertson/trust-the-story-the-storyteller-may-dissemble-and-deceive-the-story/) [James Robertson](https://sms4smile.com/quotes/author/james-robertson/) > [Even when they are trying to deceive the voters, the Democrats are incompetent.](https://sms4smile.com/quotes/steve-hilton/even-when-they-are-trying-to-deceive-the-voters-the-democrats-are/) [Steve Hilton](https://sms4smile.com/quotes/author/steve-hilton/) > [Those who try to achieve success without hard work ultimately deceive themselves-or worse-deceive others.](https://sms4smile.com/quotes/tim-cook/those-who-try-to-achieve-success-without-hard-work-ultimately-deceive/) [Tim Cook](https://sms4smile.com/quotes/author/tim-cook/) > [“When you slice the truth too thin, you deceive.”](https://sms4smile.com/quotes/eileen-wilks/when-you-slice-the-truth-too-thin-you-deceive/) [Eileen Wilks](https://sms4smile.com/quotes/author/eileen-wilks/) > [“In my opinion, a lie is a physical act, verbal statement, or omission, deliberately designed to deceive another of the truth.”](https://sms4smile.com/quotes/david-craig/in-my-opinion-a-lie-is-a-physical-act-verbal-statement-or-omission/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [No, it's not that they're bad. It's that they're obliged to pretend they're good. They've been brought up to deceive and be cunning, to…](https://sms4smile.com/quotes/carlos-fuentes/no-it-s-not-that-they-re-bad-it-s-that-they-re-obliged-to-pretend/) [Carlos Fuentes](https://sms4smile.com/quotes/author/carlos-fuentes/) > [Nothing is so easy as to deceive oneself; for what we wish, we readily believe.](https://sms4smile.com/quotes/demosthenes/nothing-is-so-easy-as-to-deceive-oneself-for-what-we-wish-we-readily/) [Demosthenes](https://sms4smile.com/quotes/author/demosthenes/) > [“When people say they do not care what others thing of them, for the most part they deceive themselves”](https://sms4smile.com/quotes/w-somerset-maugham/when-people-say-they-do-not-care-what-others-thing-of-them-for-the/) [W. Somerset Maugham](https://sms4smile.com/quotes/author/w-somerset-maugham/) > [“Looks sure can be deceiving: not every ‘ugly’ person is a ‘bad’ person (or is guilty of whatever it is that they are accused…](https://sms4smile.com/quotes/mokokoma-mokhonoana/looks-sure-can-be-deceiving-not-every-ugly-person-is-a-bad-person-or/) [Mokokoma Mokhonoana](https://sms4smile.com/quotes/author/mokokoma-mokhonoana/) > [A woman one loves rarely suffices for all our needs, so we deceive her with another whom we do not love.](https://sms4smile.com/quotes/marcel-proust/a-woman-one-loves-rarely-suffices-for-all-our-needs-so-we-deceive-her/) [Marcel Proust](https://sms4smile.com/quotes/author/marcel-proust/) > [“To recklessly excuse a failure is to believe that I’ve effectively erased it from the story of my life, when I’ve actually imprinted it…](https://sms4smile.com/quotes/craig-d-lounsbrough/to-recklessly-excuse-a-failure-is-to-believe-that-i-ve-effectively/) [Craig D. Lounsbrough](https://sms4smile.com/quotes/author/craig-d-lounsbrough/) > [“She knows she's deceiving herself about that, but she prefers to deceive herself. She desperately needs to believe such pure joy is still possible.”](https://sms4smile.com/quotes/margaret-atwood/she-knows-she-s-deceiving-herself-about-that-but-she-prefers-to/) [Margaret Atwood](https://sms4smile.com/quotes/author/margaret-atwood/) > [We deceive ourselves when giving respect to the person for whom we have surrendered ourselves, when we respectively expect them to be as we…](https://sms4smile.com/quotes/friedrich-nietzsche/we-deceive-ourselves-when-giving-respect-to-the-person-for-whom-we/) [Friedrich Nietzsche](https://sms4smile.com/quotes/author/friedrich-nietzsche/) ## More by Audrey Strauss > [For more than a decade, Novartis spent hundreds of millions of dollars on so-called speaker programs, including speaking fees, exorbitant meals, and top-shelf alcohol…](https://sms4smile.com/quotes/audrey-strauss/for-more-than-a-decade-novartis-spent-hundreds-of-millions-of-dollars/) [Audrey Strauss](https://sms4smile.com/quotes/author/audrey-strauss/) > [For years, Frank Giovinco, as a member of the Genovese Crime Family, instilled fear in victims and perpetrated kickback schemes to tighten the Family's…](https://sms4smile.com/quotes/audrey-strauss/for-years-frank-giovinco-as-a-member-of-the-genovese-crime-family/) [Audrey Strauss](https://sms4smile.com/quotes/author/audrey-strauss/) > [As alleged, the most senior executives at Brixmor engaged in a years-long scheme to cook the books and deceive the investing public.](https://sms4smile.com/quotes/audrey-strauss/as-alleged-the-most-senior-executives-at-brixmor-engaged-in-a-years/) [Audrey Strauss](https://sms4smile.com/quotes/author/audrey-strauss/) > [Medicaid covers vitally needed medical care for millions of people in New York. Compliance with billing requirements ensures the financial integrity of the Medicaid…](https://sms4smile.com/quotes/audrey-strauss/medicaid-covers-vitally-needed-medical-care-for-millions-of-people-in/) [Audrey Strauss](https://sms4smile.com/quotes/author/audrey-strauss/) > [As alleged, Ghislaine Maxwell facilitated, aided, and participated in acts of sexual abuse of minors. Maxwell enticed minor girls, got them to trust her,…](https://sms4smile.com/quotes/audrey-strauss/as-alleged-ghislaine-maxwell-facilitated-aided-and-participated-in/) [Audrey Strauss](https://sms4smile.com/quotes/author/audrey-strauss/) > [This case against Ghislaine Maxwell is the prequel to the earlier case that we brought against Jeffrey Epstein.](https://sms4smile.com/quotes/audrey-strauss/this-case-against-ghislaine-maxwell-is-the-prequel-to-the-earlier/) [Audrey Strauss](https://sms4smile.com/quotes/author/audrey-strauss/) > [When executives allegedly lie to the investing public about their company's performance and thereby harm the integrity of the market, they must be held…](https://sms4smile.com/quotes/audrey-strauss/when-executives-allegedly-lie-to-the-investing-public-about-their/) [Audrey Strauss](https://sms4smile.com/quotes/author/audrey-strauss/) [Explore all 8 Audrey Strauss quotes ](https://sms4smile.com/quotes/author/audrey-strauss/) ## More Ahead quotes > [Anybody who thinks that they should lead the country should go ahead and put their hat in the ring. I am not among them.…](https://sms4smile.com/quotes/brian-schatz/anybody-who-thinks-that-they-should-lead-the-country-should-go-ahead/) [Brian Schatz](https://sms4smile.com/quotes/author/brian-schatz/) > [If I have a problem with somebody, I go ahead and say what's on my mind.](https://sms4smile.com/quotes/nico-hulkenberg/if-i-have-a-problem-with-somebody-i-go-ahead-and-say-what-s-on-my-mind/) [Nico Hulkenberg](https://sms4smile.com/quotes/author/nico-hulkenberg/) > [I once invested in a risky business. Quite a few people warned me not to do so, but I still went ahead and invested…](https://sms4smile.com/quotes/gautam-rode/i-once-invested-in-a-risky-business-quite-a-few-people-warned-me-not/) [Gautam Rode](https://sms4smile.com/quotes/author/gautam-rode/) > [“What lies behind us is nothing compared to what lies within us and ahead of us.”](https://sms4smile.com/quotes/stephen-r-covey/what-lies-behind-us-is-nothing-compared-to-what-lies-within-us-and/) [Stephen R. Covey](https://sms4smile.com/quotes/author/stephen-r-covey/) > [In Life, We May Never Get The Same Opportunity Again, But There's Always Something Better Ahead...](https://sms4smile.com/quotes/pacifiersucker/in-life-we-may-never-get-the-same-opportunity-again-but-there-s/) [Pacifiersucker](https://sms4smile.com/quotes/author/pacifiersucker/) > [Makeup is only fun if it's occasional and capricious - just like it's a treat to have an empty day ahead, but it wouldn't…](https://sms4smile.com/quotes/victoria-coren-mitchell/makeup-is-only-fun-if-it-s-occasional-and-capricious-just-like-it-s-a/) [Victoria Coren Mitchell](https://sms4smile.com/quotes/author/victoria-coren-mitchell/) > [There is no such thing as disposable time if you want to stay ahead of the game](https://sms4smile.com/quotes/anonymous/there-is-no-such-thing-as-disposable-time-if-you-want-to-stay-ahead/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [I'm the kind of guy who comes home and checks scores for everything. I'm a sports fan in general, so I pretty much keep…](https://sms4smile.com/quotes/chadwick-boseman/i-m-the-kind-of-guy-who-comes-home-and-checks-scores-for-everything-i/) [Chadwick Boseman](https://sms4smile.com/quotes/author/chadwick-boseman/) > [People are flying you places in business class. Everyone wants to take pictures of you and find out information about you. It's a freak-out.…](https://sms4smile.com/quotes/yolandi-visser/people-are-flying-you-places-in-business-class-everyone-wants-to-take/) [Yolandi Visser](https://sms4smile.com/quotes/author/yolandi-visser/) > [I wasn't putting my all into it and I was still managing to score goals, and that gave me something to dream about, and…](https://sms4smile.com/quotes/andre-gray/i-wasn-t-putting-my-all-into-it-and-i-was-still-managing-to-score/) [Andre Gray](https://sms4smile.com/quotes/author/andre-gray/) > [There's no limit to what you can accomplish, but there's always someone one step ahead of you, so it's a constant uphill battle.](https://sms4smile.com/quotes/catherine-mary-stewart/there-s-no-limit-to-what-you-can-accomplish-but-there-s-always/) [Catherine Mary Stewart](https://sms4smile.com/quotes/author/catherine-mary-stewart/) > [I was never bothered about my position in the industry. If I had believed in it, I wouldn't have allowed anyone to get ahead…](https://sms4smile.com/quotes/dharmendra/i-was-never-bothered-about-my-position-in-the-industry-if-i-had/) [Dharmendra](https://sms4smile.com/quotes/author/dharmendra/) > [I don't want to look too far ahead.](https://sms4smile.com/quotes/jofra-archer/i-don-t-want-to-look-too-far-ahead/) [Jofra Archer](https://sms4smile.com/quotes/author/jofra-archer/) > [“one who takes the first step always remains one step ahead”](https://sms4smile.com/quotes/rabi-shaheen/one-who-takes-the-first-step-always-remains-one-step-ahead/) [Rabi Shaheen](https://sms4smile.com/quotes/author/rabi-shaheen/) > [I am not interested to sing in Bollywood. I sing for only those actors whom I admire. I sing free of cost for them.…](https://sms4smile.com/quotes/yo-yo-honey-singh/i-am-not-interested-to-sing-in-bollywood-i-sing-for-only-those-actors/) [Yo Yo Honey Singh](https://sms4smile.com/quotes/author/yo-yo-honey-singh/) [Browse all 1,773 Ahead quotes ](https://sms4smile.com/quotes/about/ahead/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "As alleged, David Hu directed a multimillion-dollar, years-long scheme to defraud investors. Putting profit ahead of his fiduciary duties, Hu allegedly mismarked millions of dollars of loan assets to cover up millions in losses. Hu also created fake entities and loans, and falsified paperwork to deceive auditors and avoid detection.", "creator": { "@type": "Person", "name": "Audrey Strauss" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/audrey-strauss/as-alleged-david-hu-directed-a-multimillion-dollar-years-long-scheme/", "about": { "@type": "Thing", "name": "Ahead" }, "@id": "https://sms4smile.com/quotes/audrey-strauss/as-alleged-david-hu-directed-a-multimillion-dollar-years-long-scheme/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/011/audrey-strauss-46103_ahead_as-alleged-david-hu-directed-a-multimill_952610.jpg", "contentUrl": "https://sms4smile.com/quotes/i/011/audrey-strauss-46103_ahead_as-alleged-david-hu-directed-a-multimill_952610.jpg", "url": "https://sms4smile.com/quotes/i/011/audrey-strauss-46103_ahead_as-alleged-david-hu-directed-a-multimill_952610.jpg", "width": 1080, "height": 1080, "caption": "“As alleged, David Hu directed a multimillion-dollar, years-long scheme to defraud investors. Putting profit…” — Audrey Strauss", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Audrey Strauss", "item": "https://sms4smile.com/quotes/author/audrey-strauss/" }, { "@type": "ListItem", "position": 4, "name": "As alleged, David Hu directed a...", "item": "https://sms4smile.com/quotes/audrey-strauss/as-alleged-david-hu-directed-a-multimillion-dollar-years-long-scheme/" } ], "@id": "https://sms4smile.com/quotes/audrey-strauss/as-alleged-david-hu-directed-a-multimillion-dollar-years-long-scheme/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```