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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

Andrew Caspersen leaving the US Federal Court in New York on Monday. His father, Finn Caspersen, killed himself in 2009. It later emerged that he was being investigated for tax offences.

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...

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