PJT's Andrew Caspersen Charged by U.S. for Fraud SchemeÂ

The transcript discusses a fraud case involving Park Hill Group, a part of PJT Advisors, where an employee allegedly defrauded investors of $95 million by setting up a special purpose vehicle. The fraud was discovered in March, leading to the employee's dismissal and an investigation by PJT, the New York Attorney General, and the SEC. The case has impacted PJT's shares and raised questions about Blackstone's involvement. The investigation aims to identify investors and recover funds.

What role did the Park Hill Group play in the context of the fraud case?

What was the estimated amount of money that the accused potentially defrauded investors of?

How did the involvement of the New York Attorney General's office impact the case?

What specific actions did the accused take to allegedly defraud investors?

What steps are being taken by PJT in response to the fraud allegations?