Wall Street Scion Caspersen Pleads Guilty to Investment Fraud

(Bloomberg) -- Andrew Caspersen pleaded guilty to defrauding friends, family and a charitable foundation of millions of dollars, after his lawyer had said the Wall Street scion was done in by a gambling habit that spiraled out of control. Caspersen is scheduled to be sentenced on Nov. 2.

To contact the reporter on this story: Bob Van Voris in federal court in Manhattan at rvanvoris@bloomberg.net. To contact the editors responsible for this story: David Glovin at dglovin@bloomberg.net, Joe Schneider

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