Andrew W.W. Caspersen pleads guilty after charged with $150 million fraudStaff Writer | July 7, 2016
Andrew W.W. Caspersen, a former Wall Street executive charged with masterminding a $150 million fraud, pleaded guilty to stealing millions from investors to place risky stock market bets.
Investor Placing risky stock market bets
Caspersen said his crimes were committed to fuel a gambling addiction and that virtually all of the stolen money had been gambled away. He will be sentenced at a later date. ■