DealBook Today's Top Headlines - M arch 29, 2016: Private Equity Executive Accused of Faking Investments | Starwood Bidding War Escalates | ValueAct Pays a Price for Supporting Valeant.

Tuesday, March 29, 2016 TODAY'S TOP HEADLINES By AMIE TSANG PRIVATE EQUITY EXECUTIVE ACCUSED OF FAKING INVESTMENTS Federal prosecutors working for Preet Bharara, the United States attorney for Manhattan, have charged Andrew Caspersen, a former Blackstone Group managing principal, with securities and wire fraud in what was labeled a "brazen" scheme to defraud investors of up to $95 million , Alexandra Stevenson and Matthew Goldstein report in DealBook . The Securities and Exchange Commission filed parallel civil charges. Mr. Caspersen was a partner at the Park Hill Group, which specializes in raising money for private equity firms and hedge funds, and was still trying to persuade institutional investors to give him money up until last week. The authorities accused Mr. Caspersen of using a fraudulent investment vehicle and fake emails to dupe an unidentified hedge fund foundation to sink $25 million into the sch