Meyer Wilson previously reported on Andrew Caspersen (CRD# 6149640) this
April when he was charged with defrauding two institutional investors.
Now, former Park Hill Group LLC broker Andrew Caspersen (CRD# 6149640)
has pleaded guilty to wire fraud and securities fraud.
The United States Securities and Exchange Commission (SEC) charged him
with defrauding two institutions solicited in order to invest in a shell
company controlled by Caspersen. While reading through his prepared statement
in court, Caspersen admitted that the fraud, “was just a way for
me to get money to feed a gambling addiction that was all-consuming at
the time." According to Caspersen’s lawyer, his client had
lost nearly $113 million through gambling on stock-option trades over
a four week stretch earlier this year.
According to the SEC, he solicited around $95 million from investors by
creating fake email addresses, invented fictional financiers, set up misleading
domain names, and claimed that investors would see a 15 to 20 percent
return on investment in interest. Caspersen will be sentenced on November
2, 2016 by U.S. District Judge Jed Rakoff.
If you lost money investing with former Park Hill Group broker Andrew Caspersen,
contact the securities fraud at attorneys at Meyer Wilson for a free case
consultation today. All of our cases are handled on a contingency fee
basis, so you won’t owe us any legal fees unless we can help you
recover your losses.