Former Wall Street executive Caspersen pleads guilty to massive fraud | Reuters

NEW YORK Former Wall Street executive Andrew Caspersen pleaded guilty on Wednesday to charges that he tried to defraud investors including friends and family members out of nearly $150 million, conduct that his lawyer has blamed on a gambling addiction.

Caspersen, who worked at a unit of investment banker Paul Taubman's PJT Partners Inc (PJT.N) prior to his arrest in March, pleaded guilty in federal court in Manhattan to charges of securities fraud and wire fraud.


(Reporting by Nate Raymond in New York; Editing by David Gregorio)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Firstpost is now on WhatsApp. For the latest analysis, commentary and news updates, sign up for our WhatsApp services. Just go to Firstpost.com/Whatsapp and hit the Subscribe button.

Updated Date: Jul 07, 2016 02:45:06 IST

Also See