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USA v. Nordlicht et al

  1. July 10, 2019

    Platinum Execs' Fate Lies With Judge After Mixed Verdict

    Brooklyn federal prosecutors failed to convict top Platinum Partners executives on what they once described as "one of the largest and most brazen investment frauds perpetrated on the investing public," and the charges they convicted on are now in the hands of a skeptical judge — a far cry from the case's headline-grabbing origins.

  2. July 09, 2019

    2 Former Platinum Execs Convicted Of Fraud, Ex-CFO Walks

    A New York federal jury convicted two former top executives of Platinum Partners of fraud and conspiracy Tuesday, but acquitted the defunct hedge fund's ex-chief financial officer of charges stemming from a purported scheme to defraud investors in Platinum's flagship fund.

  3. June 28, 2019

    Ex-Platinum CFO Cites Scant Evidence In Acquittal Bid

    An attorney for former Platinum Partners Chief Financial Officer Joseph SanFilippo on Friday told a New York federal jury that prosecutors failed to call a single witness or produce any documents that show he was part of a scheme to defraud investors in the hedge fund management company.

  4. June 27, 2019

    Platinum CIO Says No Evidence Of Misdeeds In 'Bogus' Case

    Former Platinum Partners co-chief investment officer David Levy's attorney told a New York federal jury on Thursday in the securities fraud trial of the hedge fund manager's top executives that prosecutors' case is "bogus and flawed to the core," citing a lack of evidence that Levy engaged in any wrongdoing.

  5. June 26, 2019

    Feds Are Full Of Lies, Platinum Boss Tells Jury

    An attorney for Platinum Partners co-founder Mark Nordlicht on Wednesday sought to turn the tables on prosecutors in closing arguments, accusing the government of peddling more lies at trial than top executives at the defunct hedge fund are alleged to have told to investors.

  6. June 25, 2019

    Platinum Execs Told Flood Of Lies To Investors, Jury Hears

    A federal jury in Brooklyn on Tuesday heard of how the former top executives of Platinum Partners schemed with a dozen other co-conspirators tied to the hedge fund manager to defraud existing and prospective investors by telling lie after lie about a liquidity crisis at Platinum's flagship fund.

  7. June 24, 2019

    Platinum Was On The Up-And-Up, Jury Told As Defense Wraps

    Counsel for former top executives of Platinum Partners on Monday rested their cases in the securities fraud trial over whether the hedge funders defrauded their investors as well as bondholders in an oil and gas company, with jurors hearing how auditors described Platinum as an aboveboard operation.

  8. June 17, 2019

    Platinum Judge Nixes Valuation Fraud Claims At Trial

    In a blow to the government's case, the judge overseeing the Platinum Partners trial has banned prosecutors from arguing that three accused executives fraudulently overvalued the funds' illiquid assets, citing a lack of evidence.

  9. June 11, 2019

    Platinum Judge Won't Toss Case, May Limit Feds' Closings

    The judge overseeing the securities fraud trial of the former top executives of Platinum Partners on Tuesday said he intends to deny their midtrial bids to escape the charges, but indicated he was likely to preclude the government from arguing that the hedge fund overvalued its assets.

  10. June 10, 2019

    Feds Slam Ex-Platinum Execs' Acquittal Bid In Fraud Case

    Federal prosecutors slammed former top Platinum Partners executives' mid-trial request to be acquitted of fraud charges in a letter in New York federal court Monday, arguing that they've presented enough evidence to show that the executives knowingly made material misrepresentations to investors.

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