Wall Street Executive Caspersen Gets Four-Year Jail Sentence for $38M Fraud
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Wall Street Executive Caspersen Gets Four-Year Jail Sentence for $38M Fraud
Andrew Caspersen, the former Wall Street executive, has landed a four-year prison sentence for his part in a Ponzi-like scheme to defraud investors including family members and friends out of $38.5 million, according to Reuters.
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Caspersen who worked at a unit of investment banker Paul Taubman’s PJT Partners before his arrest in March, pleaded guilty to the charges back in July, blaming his conduct on a gambling addiction that he was unable to control.
Gambling Addiction
At the time, he said, “It was just a means for me to get money ... (read more)
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