Reuters/ Lucas JacksonThe Moore Charitable Foundation, an environmental charity founded by hedge fund billionaire Louis Bacon, was the victim of an alleged fraud by banker Andrew W. W. Caspersen.Caspersen, a former managing director at PJT Partner's Park Hill Group was arrested Saturday. "The Foundation was lied to by Andrew Caspersen, a managing director at investment bank PJT Partners, regarding a potential investment related to the publicly-announced restructuring of a private equity fund," the foundation, which focuses primarily on environmental causes, said in an emailed statement to Business Insider. "The Foundation put approximately $25 million of its endowed funds toward the investment.
Billionaire Louis Bacon's Charity Was The Victim Of A Banker's Alleged $95 Million Fraud
jlaroche@businessinsider.com (Julia La Roche), Business Insider
Tue, 03/29/2016 - 3:22pm
Topics: reuters lucas jacksonthe moore charitable foundation louis bacon w pjt partner's park hill group insider bacon sec's andrew calamari park hill place iii spv llc irving place reuters lucas jacksonin november caspersen's irving place march tried york-based multinational when questions partners&rsquo counsel&rsquo after pjt u u u sec the foundation foundation&rsquo firm pjt w w moore the moore charitable foundation moore charitable foundation foundation andrew w park hill pjt the foundation caspersen pjt partners irving place capital partners iii spv u attorney&rsquo southern district new york firm charity victim fraud billionaire louis alleged million investment fund private equity office complaint environmental investors unnamed managing efforts hedge director employee put general business benefit future cooperated account statement institutional legitimate contacted
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