Morning Agenda: Private Equity Executive Accused of Faking Investments
ByPRIVATE EQUITY EXECUTIVE ACCUSED OF FAKING INVESTMENTS | Federal prosecutors working for Preet Bharara, the United States attorney for Manhattan, have charged Andrew Caspersen, a former Blackstone Group managing principal, with securities and wire fraud in what was labeled a “brazen” scheme to defraud investors of up to $95 million,
Alexandra Stevenson and Matthew Goldstein report in DealBook. The Securities and Exchange Commission filed parallel civil charges.
Mr. Caspersen was a partner at the Park Hill Group, which specializes in raising money for private equity firms and hedge funds, and was still trying to persuade institutional investors to give him money up until last week…
Morning Agenda: Private Equity Executive Accused of Faking Investments
