From privileged life to bail on fraud charges
Andrew Caspersen allegedly used a fraudulent investment vehicle and fake emails to dupe a hedge fund foundation to sink US$25m into a scheme to cheat investors
New York
ANDREW Caspersen, a 39-year-old Wall Street executive, came from a life of privilege and opportunity: Groton, Princeton and then Harvard Law School, where the student centre is named after his family because of a generous gift from his father.
But the father had a secret that emerged only after he committed suicide in 2009: Finn M W Caspersen, a noted financier and philanthropist, was at the time being investigated by the federal authorities, suspected of hiding away tens of millions of dollars in a tax shelter. Now it appears that his son, a former Blackstone Group managing principal, may have had his own secret.
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