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Andrew Caspersen, son of Tampa developer, agrees to investment industry ban after fraud charges

Andrew Caspersen, son of Tampa's Harbour Island developer Finn Caspersen, reached a settlement with the Securities and Exchange Commission this week that permanently bars him from the investment industry, the SEC announced.

On July 6, Andrew Caspersen pleaded guilty to defrauding investors of more than $38 million and misappropriating more than $8 million from his former employer, according to the U.S. attorney for the Southern District of New York. His sentencing is scheduled for Nov. 2.

Andrew Caspersen, 39, was a former managing principal at Park Hill Group. He was dismissed in March. Finn Caspersen, who once ran the finance company Beneficial Corp., killed himself in 2009 in Rhode Island amid a federal tax investigation.

Andrew Caspersen, son of Tampa developer, agrees to investment industry ban after fraud charges 09/15/16 [Last modified: Thursday, September 15, 2016 4:14pm]
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