Articles Tagged with Andrew Caspersen

The Moore Charitable Foundation and Kendall JMAC, which are both owned by hedge fund billionaire Louise Bacon, have filed a securities fraud lawsuit against PJT Partners over the $16M loss that they claim they sustained in the Ponzi –like scam perpetuated by former investment adviser Andrew Caspersen.

The two entities want full restitution plus interest. They also filed a securities fraud lawsuit against Caspersen, who was a partner and managing director at the PJT Partners’ Park Hill Group when he defrauded investors.

Caspersen pleaded guilty in 2016 to bilking investors of $38M. He said he had a gambling addiction that compelled him to make up bogus Wall Street deals. He is serving a four-year prison term for his crimes.

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