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.
Comment on 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
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