Guilty plea seen for Wall Street scion Caspersen in fraud case

Wall Street executive Andrew Caspersen will likely plead guilty next month to criminal charges over an alleged $150 million fraud scheme, after compulsive gambling drove him to make huge, failed bets against the U.S. stock market, his lawyer said on Tuesday. At a hearing in Manhattan federal court, Caspersen agreed to let prosecutors file a criminal "information" accusing him of securities fraud and wire fraud, and entered a not guilty plea.