Bloomberg Law
May 2, 2016, 6:42 PM UTC

Caspersen Judge Told Plea Talks in Fraud Case Moving Ahead

Bloomberg Media

By Patricia Hurtado and David Voreacos, Bloomberg News

Plea talks between federal prosecutors and ex-investment bank executive Andrew Caspersen, who is accused of defrauding friends, family and a charitable foundation of $25 million, are incomplete but moving forward.

The negotiations were cited in an April 26 government filing made public Monday in Manhattan federal court. In it, prosecutors sought a one-month extension to either resolve the case or return an indictment against Caspersen, who was arrested in March.

“The negotiations have not been completed and we plan to continue our discussions,” Assistant U.S. Attorney Christine Magdo wrote. Caspersen allegedly ...

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