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SPECTRUM CHIEF CHARGED WITH FRAUD

A federal prosecutor Thursday charged Peter Caserta, former president of Spectrum Information Technologies Inc., with defrauding several hundred companies of more than $6 million.

Nine former employees of the Caserta Group, a privately held investment firm, also were named in the 102-count mail and wire fraud indictment. They were accused of making false statements in attempts to raise money for growth companies.

Caserta gained attention in October 1993 after hiring John Sculley, former chief of Apple Computer Inc., as chief executive and chairman of Spectrum Information Technologies, a holder of patents for wireless data transmission. Sculley quit the company a few months later after learning of its problems.

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