USA v. Nordlicht et al
Case Number:
1:16-cr-00640
Court:
Nature of Suit:
Judge:
Firms
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August 11, 2017
Feds Say Platinum Partners Exec Threatened Witness
Prosecutors have accused Platinum Partners co-founder Mark Nordlicht's lawyers of making a "veiled threat" to a former Platinum employee over his potential cooperation in the government's $1 billion securities fraud suit, a claim the defense calls "false and unfounded."
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July 07, 2017
Judge Boots Platinum Receiver Over Escrow 'Red Flag'
A Brooklyn federal judge has replaced a receiver in a U.S. Securities and Exchange Commission case against hedge fund Platinum Partners, saying at a hearing Friday that the receiver's allowing of the withdrawal of funds from an escrow account was a "red flag."
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May 12, 2017
Anonymous Investor Letter Irks Platinum Partners Judge
The Brooklyn federal judge overseeing the criminal case against seven Platinum Partners executives and associates accused of fraudulently inflating the value of an energy play warned defendants Friday not to associate with alleged victims after receiving a curious letter purportedly from anonymous investors.
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May 08, 2017
Platinum Investors Blame Fund Losses On Feds' 'Crusade'
Investors in Platinum Partners-managed hedge funds recently claimed they were "victimized by certain crusading members of the federal government" and said two indicted executives should be allowed to go back to work amid the criminal case to prevent more losses.
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May 04, 2017
Another Platinum Partners Exec Calls For Jury Leak Probe
A former Platinum Partners managing director on Wednesday pushed for a New York federal court hearing to determine whether an FBI agent was behind purported grand jury leaks about an investigation into the hedge fund, echoing arguments from the company's founder and ex-coworkers accused of partaking in a $1 billion securities fraud scheme.
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April 27, 2017
Feds Deny Responsibility For Platinum Partners Jury Leak
Federal prosecutors told a New York federal judge on Wednesday that defendants accused of partaking in a $1 billion securities fraud scheme at Platinum Partners have no evidence that a government agent was behind purported grand jury leaks about the investigation into the hedge fund.
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April 10, 2017
Feds Still Mum On Platinum Partners Leaks, Exec's Atty Says
Counsel for a Platinum Partners executive accused of defrauding investors in a portfolio company told a New York federal judge Friday that if the government doesn't soon provide information about apparent leaks that may have tainted the case, the court should intervene.
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March 27, 2017
Atty Says FBI Leaker Possibly Tainted Platinum Partners Case
Counsel for Platinum Partners founder Mark Nordlicht told a Brooklyn federal judge on Monday that the same FBI agent found to have leaked information to the press in the insider trading case against gambler Billy Walters may also have tipped reporters in the alleged $1 billion hedge fund securities fraud scheme.
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February 14, 2017
Platinum Partners, Dechert Parting Ways In $1B Fraud Suit
Platinum Partners and its chairman are replacing Dechert LLP with new counsel in a civil case over their alleged roles in a $1 billion fraud scheme, according to a letter filed last week in New York federal court, less than two months after the hedge fund and its executives were hit with criminal charges.
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February 06, 2017
Ex-Execs Fight Discovery Freeze In $1B Platinum Fraud Suit
The ex-CEO of defunct offshore driller Black Elk and former Platinum Partners executives facing parallel civil and criminal cases over their alleged roles in a $1 billion securities fraud scheme told a New York federal court on Friday to reject the government's proposed "blanket and indefinite" discovery freeze in the civil case.