Louis Bacon Foundation Says It Was Duped by PJT's Caspersen

  • Foundation says it alerted PJT Partners to irregularities
  • Prosecutors accused Caspersen Monday of stealing $25 million

The charitable foundation of hedge-fund billionaire Louis Bacon said it fell victim to Andrew Caspersen, the Wall Street banker accused of stealing $25 million in an investment scam.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.