Platinum Jury Hears Of Exec's Dread, As Feds Wrap Up Case

Law360, New York (June 6, 2019, 9:52 PM EDT) -- Brooklyn federal prosecutors on Thursday neared the end of their securities fraud case against three former top executives of Platinum Partners, and jurors saw emails depicting trepidation inside the now-defunct hedge fund as it tried in vain to get out of a liquidity crisis.

After nearly seven weeks of trial, prosecutors are poised to rest their case Friday against Platinum co-founder Mark Nordlicht, former co-Chief Investment Officer David Levy and former Chief Financial Officer Joseph SanFilippo, who stand accused of defrauding investors by overvaluing assets and lying about cash-flow problems.

Attorneys for Nordlicht and Levy have said they intend to put on...

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New York Eastern

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December 14, 2016

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