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Hedge Fund Never Wanted $20 Million Investment It (Allegedly) Bribed Someone To Get

Platinum Partners would really like to disassociate itself with certain investors right now.
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Rob Lavinsky, – CC-BY-SA-3.0 [CC BY-SA 3.0], via Wikimedia Commons

Rob Lavinsky, via Wikimedia Commons

I mean, if there’s going to be a fuss made about that time that the New York City Correction Officers’ Benevolent Association invested $20 million in Platinum Partners after certain promises about certain amounts of cash allegedly delivered in leather bags to certain now-former union leaders, then Platinum Partners will just give the money back. And not only to show certain judges that it can.

Platinum Partners is considering buying out a $20 million investment from the New York City correction officers’ union, weeks after a former executive at the hedge fund and the union’s ex-president were charged in an alleged bribery scheme….

“I really feel that their involvement at this time is disadvantaging all investors going forward,” Mr. Nordlicht said on the call, referring the union.

Platinum Partners May Buy Out NYC Correction Officers’ Union Investment [WSJ]


By EncMstr (Own work) [GFDL, CC-BY-SA-3.0 or CC BY-SA 2.5-2.0-1.0], via Wikimedia Commons

Judge Now Cool With Taking Allegedly Ethically Challenged Hedge Fund At Its Word

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Ex-Union Boss Resorts To Fundraising Methods Beyond Hedge-Fund-Bribes-In-Handbag

Plus, it’s unclear whether the $100K Norman Seabrook’s family needs would fit into a Ferragamo.

(Rob Lavinsky/ via Wikimedia Commons)

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Rule number one of running a hedge fund like a Ponzi scheme: Don't.

Don’t Even Think Of Delivering Norman Seabrook’s Alleged Bribes In A Coach Bag

Even the deBlasio administration would like you to keep the class in NYC graft.

By Chris Potter (Flickr: 3D Judges Gavel) [CC BY 2.0], via Wikimedia Commons

Here’s A Thing You Probably Shouldn’t Do When Standing Trial

Especially if you’ve got a reputation for intimidation, like Platinum Partners’ Mark Nordlicht.