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Ex-Platinum CFO Says Investors Knew Of Fund's Cash Woes

Law360, New York (April 24, 2019, 8:31 PM EDT) -- An attorney for the former chief financial officer of a Platinum Partners fund told a New York federal jury his client did not defraud investors, saying they were told of the liquidity problems that led to the downfall of the now defunct $1 billion hedge fund manager.

Joseph SanFilippo is on trial along with Platinum co-founder Mark Nordlicht and former Platinum co-Chief Investment Officer David Levy on charges they overvalued assets and lied to investors about the health of Platinum’s signature fund.

As opening statements wrapped up Wednesday morning in Brooklyn, a lawyer for SanFilippo, Kevin O'Brien of Ford O'Brien LLP,...

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New York Eastern

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December 14, 2016

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