Platinum Prosecutors To Appeal Acquittal, New Trial Orders

By Jody Godoy (October 4, 2019, 5:35 PM EDT) -- Brooklyn federal prosecutors indicated Friday they plan to appeal a ruling that tossed the convictions of two former executives at defunct hedge fund Platinum Partners, a ruling in which the judge found it would be a "manifest injustice" not to grant one man an acquittal and the other a new trial.

Platinum co-founder Mark Nordlicht and former co-chief investment officer David Levy were convicted in July of a scheme to dupe bondholders at Platinum portfolio company Black Elk Offshore. U.S. District Judge Brian Cogan tossed the convictions last week in a ruling he appeared to telegraph from the bench at the end...

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