from Zero Hedge
Earlier this year we profiled Andrew Caspersen’s arrest. As a quick reminder, Caspersen is a 39 year old Harvard Law graduate and former partner at the Park Hill Group (formerly owned by Blackstone) who has been accused of defrauding investors through fake private equity investments.
[…] Federal prosecutors claim that Caspersen ran a Ponzi scheme that defrauded friends, family and a hedge fund foundation out of nearly $40 million over an 18-month period, and in court on Tuesday Caspersen gave his reason for that – he just has a gambling problem.
From the NYT