From privileged life to bail on fraud charges

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.