USA v. Nordlicht et al

  1. 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.

  2. 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.

  3. January 12, 2017

    Platinum Execs Hid Funds After Raid, Feds Say

    Federal prosecutors said Thursday in Brooklyn that Platinum Partners founder Mark Nordlicht and another executive took steps to divert money invested in the distressed hedge fund for their own benefit, after authorities raided Platinum's offices over a purported $1 billion securities fraud scheme.

  4. December 19, 2016

    Platinum Partners Execs Charged With $1B Securities Fraud

    The founder of New York hedge fund Platinum Partners and seven executives and affiliates were charged on Monday with engaging in a $1 billion securities fraud scheme wherein they allegedly inflated the value of investments and duped bondholders of defunct offshore driller Black Elk.