Financier, son of former JI commissioner Finn Caspersen, charged in $95 million scheme


Andrew Caspersen (Source: The Journal News)

The son of Finn M. W. Caspersen, a prominent philanthropist, former Jupiter Island Commissioner, and heir to the Beneficial Corporation fortune, allegedly duped a charity out of $25 million as part of an elaborate scheme to defraud investors of $95 million, according to The Journal News.

Andrew Caspersen, 39, appeared in federal court in Manhattan Monday afternoon, where he was released on $5 million bond secured by his homes in Bronxville and Manhattan and $50,000 cash.

He faces up to 40 years in prison and tens of millions of dollars in fines on charges brought by the U.S. Attorney’s Office.

For the criminal complaint against him:

For the complete story:

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