Caspersen’s Gambling Spiral Wiped Out $113 Million in Weeks

  • Ex-banker accused of duping charity to finance futures bets
  • Prosecutors say Caspersen tried to solicit $110 million more

Wall Street scion Andrew Caspersen had been gambling since his first year at Harvard Law School when it cost him his inheritance. By the time federal prosecutors caught up with him 10 weeks ago, the former banker duped a charity out of almost $25 million, part of a futile bid to recoup losses -- which in the end might have cost investors $150 million

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