Platinum Partners, a Path Toward Black Elk

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MAKE NO MISTAKE… IF PLATINUM DOES NOT HAVE THE MONEY TO REPAY ITS DEBTS, THE PRINCIPALS ARE MAPPING OUT THEIR NEXT GREAT SCHEME!

Investor Details – Remember this for reference…

Update –https://www.crunchbase.com/organization/platinum-partners#/entity

Founded:2003Contact:Type:Venture Capital

Platinum Partners (the “Firm”) is a New York based investment management group with more than $1 Billion in assets under management. The Firm was founded in 2003 by Mark Nordlicht, an investor with over twenty years of experience in the asset management space. The Firm manages multiple funds, including Platinum Partners Value Arbitrage Fund L.P. (“PPVA”), Platinum Partners Credit Opportunities Master Fund L.P. (“PPCO”), Platinum Partners Liquid Opportunity Master Fund L.P. (“PPLO”), Pro Player Capital International LTD (“Pro Player”), Bayberry Consumer Finance Fund LLC, Bayberry Consumer Finance Fund International Ltd. (collectively, “Bayberry”) and Longwood Finance Fund LLC and Longwood Finance Fund International Ltd. (collectively, “Longwood”). Although each of the aforementioned funds have separate investment advisors, Mr. Nordlicht is the CIO of the investment advisors of PPCOM, PPVA, PPLO and Pro Player, and the CIO of the investment advisor of Bayberry and Longwood is a Managing Director of PPCOM. Uri Landesman is the Managing General Partner and President of PPVA and PPLO and a prinicpal of the other Investment advisors.

Platinum Partners Not Exactly Making Friends In High Places

He may need it in the face of the Wrath of New York State Judge Salinann Scarpulla, who is dealing with one of Platinum’s other legal issues: The allegation on the part of a private-equity firm that the hedge fund defaulted on $30 million in debt. Judge Scarpulla, it seems, is a bit less sanguine than Nordlicht that the assistance of the Almighty will be forthcoming.

“I haven’t seen evidence that the fund is worth a billion dollars. For all I know the fund is worth five cents,” an exacerbated Scarpulla said after failing to get satisfactory answers to her questions about the hedge fund’s financial status….

During the hearing, Judge Scarpulla even ordered Platinum’s lawyer, David Eiseman, to call Platinum right then and there and get someone on the phone to assure her that they have the money to repay their debt.

She did not get the answer she sought.

Eiseman came back empty-handed, saying Platinum’s in-house legal counsel requested 48 hours to make any kind of guarantee.

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