Jona Rechnitz To Take Stand Against Norman Seabrook

A big-time donor to Mayor de Blasio, expected to testify in an upcoming public corruption trial, is more deeply involved in criminal activity than the government lets on, new court papers claim. Read more

Ex-Platinum Executive, NYC Union Chief Must Face Fraud Charges

A federal judge in Manhattan on Monday refused to dismiss fraud charges against a former Platinum Partners hedge fund executive and a former union leader for New York City prison guards, who claimed their indictment was based on illegal wiretaps. Read more

Jona Rechnitz Ties To Accused Schemer Complicates Feds’ Case

Bill de Blasio donor Jona Rechnitz’s ties to accused Ponzi schemer Jason Nissen is starting to cause problems for Manhattan federal prosecutors seeking to use Rechnitz as its key witness in an upcoming bribery trial. Read more

Platinum Partners Arrests Are Scant Consolation For Alleged Victims

When six executives of Platinum Partners, including founder Mark Nordlicht, were arrested on Monday on federal charges of running a more than $1 billion hedge fund fraud, people who had long alleged they were harmed by the New York-based firm felt some vindication. Read more

Jewish Hedge Fund Execs Charged In $1B Ponzi Scheme

Jewish New Yorkers fear a repeat of the Bernie Madoff scandal after senior executives of a New York hedge fund with close community ties were accused this week of operating a $1 billion Ponzi scheme and indicted on multiple counts of fraud and conspiracy. Read more

Norman Seabrook Showered Execs With ‘Luxury Gifts,’ Suit Says

Correction union execs weren’t keeping an eye on now-indicted ex-president Norman Seabrook when he invested pension money in a “Ponzi scheme” because he had long showered them with gifts such as cars, a new lawsuit alleges. Read more

Platinum Partners Assets Frozen on Allegations of ‘Plundering’ Over $200M

Troubled hedge fund manager Platinum Partners was ordered by a U.S. bankruptcy judge to temporarily freeze approximately $118 million after a lawsuit Wednesday accused it of illegally stripping key assets from a now-collapsed energy company. Read more

Platinum Partners and The People Involved

If we were the Federal Authorities, we would be focusing on preventing a mass exodus of Platinum Partners’ Principles to Israel. Read more

Platinum Partners Just Filed For Bankruptcy

Two Platinum Partners hedge funds have sought U.S. Chapter 15 bankruptcy protection as part of an ongoing liquidation effort, according to court documents filed in New York federal court Tuesday. Read more

Platinum Partners California Oil Fields Said To Be Subject of Probe

Before federal agents raided the offices of Platinum Partners in June, the $1.2 billion hedge fund had been reporting robust returns, thanks partly to oil fields it owns in California. Read more