Andrew W.W. Caspersen pleads guilty after charged with $150 million fraudStaff Writer |
Investor Placing risky stock market bets
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.
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. ■
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