Platinum Fund Charged with Securities Fraud
The Securities and Exchange Commission and US Attorney's Office charged the founder of Platinum Partners, Mark Nordlicht, and two of its flagship hedge fund advisory firms with conducting a fraudulent scheme to inflate asset values, including of an oil company, and illicitly move investor money between funds to cover losses and liquidity problems. The SEC complaint also alleges that Nordlicht schemed with two colleagues and an executive at the Platinum funds’ other major oil investment to divert almost $100 million from that company to help boost the Platinum funds. Andersen Sleater LLC's attorneys represent investors harmed by securities fraud to recover their losses. Click here to read more.