Back in March, the Securities and Exchange Commission and the Department of Justice charged former Park Hill Group partner Andrew W.W. Caspersen with attempting to lure people-- including hedge fund manager Louis Bacon and Princeton classmates-- into a $95 million investment scam. Will this turn into a long drawn out legal battle with vociferous declarations of Caspersen's innocence and months-long trial that attempts to clear his name? His lawyer doesn't exactly see things going down that road and not just because there's a bias against people with double barreled initials.
Andrew W.W. Caspersen, a former Wall Street executive charged with masterminding a $95 million fraud, is likely to settle his criminal case in the next 60 days, his lawyer said Wednesday. “It’s not the most triable case,” attorney Paul Shechtman said.