A Wall Street Family's Charmed Life Is Thrown Into Turmoil

[yortsed snacilbuper]

Andrew Caspersen violated a circle of trust that included colleagues, he raised tens of millions of dollars for what authorities have called a fraudulent investment scheme that has rattled Wall Street.

A child of privilege, Mr. Caspersen was a beneficiary of family trusts and businesses that his father, Finn M. W. Caspersen, a noted financier and philanthropist, left behind.

The elder Mr. Caspersen was chairman and chief executive of Beneficial Corporation, a consumer finance company, for nearly two decades before selling it for $8.6 billion to Household International.

http://www.msn.com/en-us/money/markets/a-wall-street-familys-charmed-life-is-thrown-into-turmoil/ar-BBrpT4c?ocid=spartanntp

[Lint Head]

1. Boo hoo.