Madoff and Twists – A Platinum Example

 

 Bernard Madoff, founder of Bernard L. Madoff Investment Secu

The Fallout From Madoff’s Fraud Includes an Ironic Twist for Investors

‎January‎ ‎03‎, ‎2017‎ ‎5‎:‎00‎ ‎AM ‎January‎ ‎03‎, ‎2017‎ ‎11‎:‎22‎ ‎AM
  • Courts say investing from offshore keeps the trustee away
  • Rulings make it easier for ‘people to benefit from cheating’

The Fallout From Madoff’s Fraud Includes an Ironic Twist for Investors – Bloomberg

https://www.bloomberg.com/news/articles/2017-01-03/another-madoff-legacy-ways-for-investors-to-keep-ponzi-profits

The legal fallout from Bernard Madoff’s epic fraud includes an ironic twist: a road map for investors wanting to hold on to profits that seem too good to be true.

In the eight years since Madoff’s arrest, a series of court decisions have favored investors who profited from the scam, damping the hopes of trustee Irving Picard to return more to Madoff’s victims who lost $17.5 billion in principal, legal experts say. At the core of the disputes is how far Picard can go to make the Ponzi scheme’s investors whole.

“The rulings all lower the risk associated with investing in something that might be a Ponzi scheme,” said Anthony Casey, a University of Chicago law school professor. “Some of these were inevitable conclusions of law. The courts weren’t necessarily being lenient to the big institutions. It just happens to help the wealthier investors.”

Picard and his team of New York-based lawyers have recovered about 65 cents on the dollar — more than anticipated after the collapse of the biggest Ponzi scheme in U.S. history. And while the trustee’s recovery efforts continue on multiple fronts, including suits against some of Madoff’s biggest investors, the rulings took billions of dollars off the table and make a 100 percent return seem impossible.

 

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Madoff and Platinum – Comparisons to be had – Pyramid Games

LETTER TO THE EDITOR:

Hi,
I noticed that you are posting quite a lot about the Madoff scandal at the moment. Please can I direct your attention to Sonja Kohn (pronounced Sonya)
This is detailed in full in the book called Pyramid games. https://www.amazon.co.uk/dp/0957619146/ref=cm_sw_r_cp_apa_oWInybEDJP0SJ
Sonja Kohn was totally vindicated by a London court despite the exposé book. 
There is already a lot of material online that you can find through Google to help find out more about her.
Wishing you every success.
Anonymous

SONJA KOHN

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The Madoff Chronicles: One of Many Lawsuits and the “investment strategy intended to safeguard assets”…

madoff

The Savvy Versus the Non-so-Savvy…

And the Littany of Jewish Defendants who were able to Maneuver a Complicated Investment Strategy.

 

The attached document is one of a litany of lawsuits associated with the Madoff Ponzi Scheme. The defendants are a veritable treasure trove of hedge funds, feeder funds, associated banks, individuals and so-on and so-on. All have one thing in common – savvy. They are all “big-boys” in Securities parlance.  

We are providing a copy of this lawsuit simply because it illustrates the ease with which Madoff was able to bilk billions of dollars from investors, some of whom are reaping the benefits of Madoff’s savvy, and their own. The Koch brothers are not alone in that category of multi-billionaire beneficiaries.

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Bernie Madoff and the Koch Brothers – Irving Picard’s Efforts at Recovery Thwarted – Money Held Abroad…

The Madoff Judge’s Ruling Setting a Reprehensible Legal Precedent: Invest if you are savvy because the courts will protect you. If you are not, you are S.O.L.

The Koch Brothers and other investors who hold millions, if not billions abroad are being permitted to keep money that in our view should be available for all of the people who were defrauded by Madoff. Irving Picard, the attorney acting as Trustee for the Bankrutpcy estate and a strong advocate for recovery for those most affected by Madoff’s scheme, argued that the money should be disgorged (returned to the bankruptcy estate). The judge, contrary to Picard’s argument disagreed. We believe that this judge set a very toxic precedent by ruling as he did. The message: “If you invested through “feeder funds” or other similar entities which hold money abroad, that money cannot be brought back.”

In other words, the most savvy investors can manipulate the law (if not the court system) to the detriment of the ordinary “non-savvy” investors. Are the less savvy investors not the people the US Securities Laws are designed to protect?

Kochs and Other Madoff Investors Are Winners in Fight Over Profits Held Abroad

http://www.nytimes.com/2016/11/22/business/dealbook/kochs-and-other-madoff-investors-are-winners-in-fight-over-profits-held-abroad.html?_r=0

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Implant Sciences – Another Platinum Victim

Implant Sciences Shareholders Call for Platinum Partners Investigation

http://www.wsj.com/articles/implant-sciences-shareholders-call-for-platinum-partners-investigation-1479328676

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Shielded from Litigation under Chapter 15 – A Platinum Legal Strategy…

 

Platinum Partners Fund Obtains Litigation Shield

Judge grants Platinum fund recognition under chapter 15, the section of U.S. bankruptcy law dealing with international insolvencies

http://www.wsj.com/articles/platinum-partners-fund-obtains-litigation-shield-1479765957

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Old News/New Implications – Platinum Burying its Money in Mines and Options… Think 8 Years Ahead…

Cokal issues options to Platinum

Tuesday, 12 April 2016

Lou Caruana

COKAL will grant 50 million options to a fund managed by Platinum Partners as part of a $2.5 million debt for equity deal as it continues to discuss merger and funding deals with other partners after its proposed sale to Indonesian group Cakra stalled last November.

To access the entire article click here.

Cokal welcomes new financier

9TH FEBRUARY 2015

BY: ESMARIE SWANEPOEL

CREAMER MEDIA SENIOR DEPUTY EDITOR: AUSTRALASIA

PERTH (miningweekly.com) – Coal developer Cokal has welcomed Cedrus International as a funding partner for its Bumi Barito Mineral (BBM) coal project, in Indonesia.
Cedrus has joined Platinum Partners in providing a nonbinding term sheet in relation to $110-million in funding to develop the BBM project.

The project facility would be equally funded between Platinum and Cedrus, and would be sufficient to fund the construction and commissioning of the two-million-tonne-a-year BBM project, as well as the working capital requirements during the development phase.
The syndicated facility would have an interest rate of 13% and a marketing fee of 2.5% of the gross sales from coal produced and sold from the first phase of operations. A royalty of 1.35% would be payable of the gross sales from the project as a whole.
The financiers would also be awarded 85-million options, at an exercise price of 13c each, with an exercise period of eight years.
Cokal chairperson and CEO Peter Lynch said that the addition of Cedrus supported Cokal’s view of the merits of the BBM project, and confidence in Indonesian mining opportunities generally.

“The confirmation of the Platinum/Cedrus financing is a significant achievement for the company and, when completed, will put us on target to start construction promptly after receiving the final forestry approval, which is expected this quarter.”
The feasibility study estimated that a capital investment of $75-million would be required to build the operation. Based on the current resource of 266.6-million tonnes, the project would have an estimated life of ten years.

To read the article as originally printed click here.


FOR IMMEDIATE RELEASE

CEDRUS INVESTMENTS’ NANOTECHNOLOGY INDICES OUTPERFORM MAJOR INDICES IN 1H2016

HONG KONG, 16th August, 2016 – Cedrus Investments (“Cedrus”), a global leader in the nanotechnology investment arena, announced today the 1H2016 performance of its two global nanotechnology indices, both launched in October 2009 – Cedrus Nanotechnology Index – Diversified (CNID) and Cedrus Nanotechnology Index – Pure (CNIP). Both CNID and CNIP outperformed several major equity indices in the period, including S&P 500, NASDAQ Composite, MSCI World, Russell 3000, Hang Seng, Shanghai Composite, Nikkei and DAX with a respective return of 5.92% and 3.89%.

Cedrus maintains two indices in order to meet the needs of diverse investors. These indices serve as performance benchmarks for nanotechnology investing. Cedrus’ diversified index (CNID) includes equally-weighted companies spanning all five nano-markets, including electronics, manufacturing, energy, life sciences and clean technology and is inclusive of both diversified companies that have nanotechnology as only one of their many growth drivers, and pure-play companies that have nanotechnology as their primary driver of growth. Cedrus’ pure index (CNIP) is a concentrated index, comprised of equally-weighted pure-play companies spanning also all five nano-markets and is best-suited for small-cap investors.

About Cedrus Investments

Cedrus Investments is a global boutique investment firm that offers expertise in private wealth management, asset management and financial advisory services to a clientele of leading institutional investors, corporations, family offices and high net worth individuals around the world.

For further information about Cedrus Investments, please visit http://www.cedrusinvestments.com.

Media Enquiry:
Cedrus Investments Ltd.
Amy Sin
+852-3519-2828 information@cedrusinvestments.com

SOURCE Cedrus Investments