Tuesday March 29 2016
Andrews W. W. Caspersen who had been a principal at Blackstone, is charged with a bizzare scheme to steal $25 million.
We are studying fraud in the ethics class. And this case seems to fit the bill.
Uppercrust pedigree from Princeton and Harvard
HIgh Profile employer and background
As we learn in the fraud diamond, he had capability, the fourth and perhaps most important piece of the puzzle in making a fraud happen.
NOtable names in Wall Street Finance fell for the scheme.
He came from a distinguished family. His Dad was CEO of Beneficial Corp. His brother practiced at Sullivan and Cromwell before providing counsel to the 9/11 Commission.
Professor Elam 
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