Banker Accused of Fraud Seemed to Have It All

Banker Accused of Fraud Seemed to Have It All

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Business

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The video discusses Andrew Caspersen, a financier involved in a legal scandal. He is the son of Finn Caspersen, who created Beneficial Corp, later part of HSBC. Andrew and his brothers, all Harvard Law graduates, are notable figures in finance. The video explores PJT's spin-off from Blackstone and the subsequent internal investigation that led to Andrew's arrest. A charity linked to a New York hedge fund was defrauded of $25 million, which was lost in options trading. The video raises questions about restitution and accountability.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the amount of money involved in the fraud linked to the charity?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What happened to the money that was supposed to be returned to the investors?

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