Law360 (November 9, 2018, 8:44 PM EST) -- A former Platinum Partners marketing and investor relations staffer charged over an alleged $1 billion securities fraud scheme has secured a deferred prosecution deal with the government and had his case severed on Thursday from four executives accused of deceiving the hedge fund’s investors.
Joseph Mann inked the DPA after nearly two years of being under indictment alongside Platinum founder Mark Nordlicht and others who stand accused of overvaluing assets and lying to investors since 2012 about the health of Platinum portfolio company Black Elk Energy Offshore Operations LLC, according to court records.
The DPA does not call for Mann’s cooperation,...
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