USA v. Nordlicht et al
Case Number:
1:16-cr-00640
Court:
Nature of Suit:
Judge:
Firms
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August 16, 2024
Feds To Appeal Platinum Win Over Zero Loss, Count Toss
Federal prosecutors have notified the Second Circuit that they'll appeal a judge's findings that the loss amount in the case of Platinum Partners co-founder Mark Nordlicht was zero and the wire fraud conspiracy counts against Nordlicht and another would be dismissed, despite Nordlicht's conviction.
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July 16, 2024
Platinum Co-Founder Dodges Prison For Bond Fraud Rap
Platinum Partners co-founder Mark Nordlicht on Tuesday was spared prison time for his five-year-old conviction over a purported scheme to defraud bondholders of a Texas oil and gas company, as a New York federal judge doubted that "such a weird case" would have any deterrent value.
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January 10, 2024
Ex-Platinum Exec Avoids Prison For Bond Fraud Conviction
A Brooklyn federal judge on Wednesday declined to sentence a former Platinum Partners senior executive to prison for his conviction over an alleged scheme to defraud bondholders of a Texas oil and gas company, saying the devastating impact of the marathon case is punishment enough.
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November 15, 2023
Ex-Platinum Portfolio Manager Avoids Prison In Fraud Case
A former Platinum Partners portfolio manager will not serve prison time after he was convicted for his role in a purported $70 million fraud on the bondholders of the hedge fund-controlled oil and gas company, a New York federal judge ruled Wednesday.
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November 02, 2023
Ex-Platinum Portfolio Manager Asks Court For No Prison Time
A former Platinum Partners portfolio manager has asked for no prison time after he was convicted for his role in a purported $70 million fraud on the bondholders of the hedge fund-controlled oil and gas company, arguing that the case's "unique circumstances" warrant a more lenient sentence.
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August 11, 2023
Feds Tee Up 2nd Circ. Ciminelli Fight With Platinum Appeal
New York federal prosecutors are once again appealing the post-trial dismissal of charges against two Platinum Partners executives convicted of defrauding bondholders of an oil and gas company, setting up a Second Circuit fight that will test the bounds of the U.S. Supreme Court's recent Ciminelli decision.
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July 18, 2023
Platinum Execs Did Not Cause Investor Losses, Judge Says
A Brooklyn federal judge has concluded that three former executives of the hedge fund Platinum Partners are not responsible for any investor losses from a purported $70 million scheme to defraud bondholders of a Texas oil and gas company.
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July 12, 2023
Ex-Platinum Execs Cleared Of 1 Count After High Court Ruling
Two former executives of hedge fund Platinum Partners were cleared of a wire fraud conspiracy count by a Brooklyn federal judge on Wednesday in light of a recent U.S. Supreme Court decision that invalidated an underlying legal theory.
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July 06, 2023
Judge Lets Ex-Platinum Exec's Conviction Stand, Amid Doubt
A New York federal judge on Thursday denied former Platinum Partners portfolio manager Daniel Small's bid to vacate his conviction at trial over his role in a purported $70 million fraud on the bondholders of the hedge fund-controlled oil and gas company, despite the court's misgivings about the case.
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May 16, 2023
Ex-Platinum Execs Say Black Elk Bond Loss Isn't On Them
Three former executives of hedge fund Platinum Partners on Tuesday argued in favor of drastically reducing their sentencing exposure from their convictions at trial in a 6 ½-year-old case involving a purported $70 million scheme to defraud a Texas oil and gas company's bondholders.