{"id":6031,"date":"2016-09-07T18:38:56","date_gmt":"2016-09-07T23:38:56","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1073"},"modified":"2022-05-17T14:17:38","modified_gmt":"2022-05-17T19:17:38","slug":"sec-bans-andrew-caspersen-38m-financial-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-bans-andrew-caspersen-38m-financial-fraud\/","title":{"rendered":"SEC Bans Andrew Caspersen After $38M Financial Fraud"},"content":{"rendered":"

\t\t\t\tAndrew Caspersen is now permanently barred from the investment industry. The Securities and Exchange Commission announced the ban.<\/p>\n

Caspersen, who used to be the managing principal at Park Hill Group and is the son of financier and philanthropist Finn M. W. Caspersen, had pleaded guilty to criminal charges of securities fraud <\/a>and wires fraud. He admitted to bilking investors of over $38M and misappropriating over $8M. Park Hill fired him earlier this year.<\/p>\n

The ex-Wall Street executive admitted to having a \u201cgambling addiction\u201d and his involvement in a scam to raise $95M. His fraud victims included family and friends. According to his attorney, Caspersen lost $123M by speculating on put options in the S & P index. His sentencing hearing is in November.<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Andrew Caspersen is now permanently barred from the investment industry. The Securities and Exchange Commission announced the ban. Caspersen, who used to be the managing principal at Park Hill Group and is the son of financier and philanthropist Finn M. W. Caspersen, had pleaded guilty to criminal charges of securities fraud and wires fraud. He […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3760,3761,3741,1],"tags":[],"class_list":["post-6031","post","type-post","status-publish","format-standard","hentry","category-sec-enforcement","category-securities-and-exchange-commis","category-securities-fraud","category-uncategorized"],"yoast_head":"\nSEC Bans Andrew Caspersen After $38M Financial Fraud — Investor Lawyers Blog — September 7, 2016<\/title>\n<meta name=\"description\" content=\"Andrew Caspersen is now permanently barred from the investment industry. The Securities and Exchange Commission announced the ban. 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