Private Equity Executive Accused of Faking Investments

March 28, 2016 8:16 PM

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Private Equity Executive Accused of Faking Investments

A former executive with a large private equity firm has been arrested and charged with securities fraud, federal prosecutors said on Monday.

Andrew Caspersen, a Harvard Law School graduate and a partner at the Park Hill Group, an advisory firm that until last fall had been a part of the Blackstone Group’s advisory business, has been accused of seeking to defraud a number of institutional investors of $95 million through fake private equi...

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