March 7, 1994 |
Spectrum Executive Under Investigation: Peter Caserta, 51, chief executive of embattled Spectrum Information Technologies Inc., is under federal investigation for mail fraud. A federal grand jury in Brooklyn is also investigating Caserta Group, a business founded by Caserta in 1988, according to a criminal subpoena. U.S. postal inspectors are investigating claims made by Caserta Group to prospective clients seeking financing. Caserta's private organization is in the same Manhasset, N.Y.