Wall Street Scion Caspersen Pleads Guilty to Investment Fraud

Andrew Caspersen pleaded guilty to defrauding friends, family and a charitable foundation of millions of dollars, after his lawyer had said the Wall Street scion was done in by a gambling habit that spiraled out of control. Caspersen is scheduled to be sentenced on Nov. 2.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE