A Platinum Enterprise – Bad Press not Fraudulent Transactions Tanked the Fund

FROM LAW 360

Law360 is a Subscription Only site so we are unable to provide you with the entirety of the article. The Headline is as follows:

Platinum Exec Wants Trial Halted Pending Media Leak Review

We will provide you with a few brilliant highlights in the hope that we are withing the site’s copyright protections; and the we recommend that you subscribe to that site for a constant stream of information, related not only to Platinum, if you are so inclined. There is a wealth of information.

And this is not a paid advertisement. 

By Jack Newsham

Law360 (February 7, 2019, 9:09 PM EST) — Platinum Partners founder Mark Nordlicht asked a Brooklyn federal judge on Thursday to stop the fraud case against him from going to trial until the Second Circuit can review his latest mandamus petition that includes allegations that a prosecutor leaked grand jury information to the media.

…

Nordlicht, the chief investment officer for the defunct investment firm, has argued damaging stories about Platinum contributed to the failure of its funds, not misconduct by him and co-defendants.

…

Lawyers for Nordlicht have said the emails, which show reporters from several outlets arranging drinks and meetings with former Assistant U.S. Attorney Winston Paes, strongly suggest Paes provided information about the Platinum investigation that appeared before Nordlicht’s arrest. The government has said the letters don’t evidence a grand jury leak at all, however, and Paes hasn’t responded to comment requests.

We would like it to be known that we did not speak to anyone associated with the Prosecution’s case. We think that the Prosecution is missing information that would make the case even stronger and we would be glad to provide it. We don’t need anything to come to the conclusions we have drawn. It is all out there in public filings.

It did not take a rocket scientist, or even someone particularly savvy to figure out that Platinum and its associated funds were engaging in what was tantamount to a Ponzi Scheme over the course of many, many years. We have pages and pages of research from publicly available sources, subscription sources and our own analysis and we could likely mount a pretty significant case for the allegations for which he is charged and others which may or may not be embedded in the initial charges. 

We would be more than happy to provide assistance. We feel Nordlicht is getting off easy. If the press is blamed for the failure of Platinum’s fund, then some Judge is not doing his or her homework. Investors lost millions and Mark Nordlicht cannot cry poverty. It’s an unfortunate scenario.

And if he gets off easy, it further substantiates our consistent claims (to Norman Seabrook regarding the color of his skin and his lack of political clout) and so many others on this blog, that people are being bought.

Can’t someone bring a modicum of integrity to the system?