Feature

Sprawling $1B Platinum Case Finally Going To Trial

By Jody Godoy (February 15, 2019, 5:48 PM EST) -- The $1 billion fraud case against four insiders at failed hedge fund manager Platinum Partners is going to trial in Brooklyn on Tuesday, setting up a courtroom showdown two years in the making.

Platinum co-founder Mark Nordlicht and the other former managers were charged in 2016. Three of the four are accused of defrauding investors in a Platinum fund by overvaluing assets including oil driller Black Elk Energy. And three are accused of bilking Black Elk bondholders by selling off assets without revealing the extent to which the fund managers would benefit.

The government has more than 9,000 exhibits and 70...

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