New York – Two well known names in the Jewish community warned the head of a large hedge fund that they intended to report him to the Securities and Exchange Commission for holding back more than a half million dollars when they withdrew their investment.
Platinum Partners’ offices were raided by federal agents looking into the hedge fund’s operations after a manager at the firm was charged this month with bribing a union chief, according to a person familiar with the matter.
The hedge fund manager arrested for allegedly bribing union boss Norman Seabrook once tried to bilk his own sister in an investment scheme targeting dying people in hospices, federal officials said.
A Mayor de Blasio donor under federal investigation for lavishing cops with gifts also helped pry taxpayer money from the City Council for a police training program he supported.
The Manhattan hedge fund embroiled in a corruption scandal involving the New York City correction officers’ union is shutting down its main fund and returning money to investors.
Federal agents arrested a major Orthodox philanthropist on fraud charges Wednesday morning in connection with a sprawling corruption investigation now shaking political circles and the Orthodox community in New York City.