Park Hill Group Partner Arrested for Securities Fraud

Andrew Caspersen, a former managing principal at financial services firm Park Hill Group, was arrested on Monday on charges of fraudulently soliciting investments. According to the charges, Caspersen made claims he had authority to conduct deals on behalf of Park Hill Group with an outside private equity fund. The fund, run by Caspersen, was a shell company named Irving Place Capital Partners III SPV. According to the charges, Caspersen named the company closely to trusted private equity firm, Irving Place Capital, in order to defraud foundations, individuals, and hedge funds into making significant investments.

Caspersen is facing criminal charges for securities fraud and wire fraud, both brought by a federal court in Manhattan. The SEC has filed a parallel civil lawsuit for these same charges to help obtain compensation for the investors defrauded in this scheme.

Caspersen is accused of defrauding investors out of hundreds of millions of dollars, which makes him a target for federal court action. Sadly, many stock brokers work on a much smaller level, stealing only enough to remain under the radar. If you have been the victim of securities fraud, no matter if a pending criminal suit is underway, the stock fraud attorneys at Colling Gilbert Wright can help. With decades of combined experience, our attorneys are here to take your case and fight for your rights, helping ensure you are properly compensated for your damages.

To schedule a free case evaluation with our Florida stock fraud attorneys, please contact Colling Gilbert Wright today. Located in Orlando, our attorneys help victims of fraud throughout the country.