Partner At Blackstone Spun-off Private Equity Firm Arrested, Charged With Stealing $95 Million
by Tyler Durden
ZeroHedge.com
03/28/2016
In a shocking development, earlier today a highly reputable executive with a just as reputable private equity firm was arrested and charged with securities fraud. Andrew Caspersen, a Harvard Law School graduate and a partner at the Park Hill Group, an advisory firm that up until last fall had been a part of the Blackstone Group, was accused of defrauding numerous institutional investors out of $95 million through fake private equity investments.
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