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Gambling Addiction Blamed For Banker's Alleged $95M Fraud

By Pete Brush ( June 14, 2016, 4:31 PM EDT) -- Private equity banker Andrew Caspersen told U.S. District Judge Jed S. Rakoff on Tuesday that he was preparing to plead guilty to securities and wire fraud after being accused of trying to wrest $95 million from friends and allies and blowing millions on what the 39-year-old called "compulsive gambling" on the stock market....

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