Park Hill Partner Pilfers $95MM

Andrew Caspersen, Partner at Park Hill and Princeton and HLS graduate, fraudulently takes 95 million in funds from LPs and squanders it trading options on his personal account. What possesses someone who has seemingly worked so long and hard to finally get their golden ticket, just to piss it all away plus end up in jail?

http://www.nytimes.com/2016/03/20/business/dealbo…

11 Comments
 

Kind of hilarious that a multimillionaire skimmed a fortune to bet on options, like he was a 20 year old with 10k trying to get rich in his dorm room, even funnier that he lost it. You're already rich dude!

 

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