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USA v. Nordlicht et al
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August 16, 2024
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 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
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
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
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
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
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
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
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
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.