Caspersen Duped Family, Friends for $14M, Ex-Employer Claims

Andrew Caspersen, the banker accused by prosecutors of defrauding investors of $25 million, duped family and friends of an additional $14 million, according to a regulatory filing by his former employer, PJT Partners Inc.

Caspersen engaged in “a number of unauthorized and unlawful transactions,” the New York-based investment bank said April 8 in the filing. “They consisted of schemes Caspersen presented to his family and personal network to make investments in entities formed by him with names resembling parties in legitimate Park Hill transactions.” Park Hill is a PJT unit that employed Caspersen until his arrest last month 60 SLD, 3/29/16, See previous story, 03/29/16, 11 WCR 234, 4/1/16, 48 SRLR 686, 4/4/16