What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: July 29, 2016

Stoltmann Law Offices is interested in speaking to those investors who may have invested in Platinum Partners LP and its flagship hedge funds, the Platinum Partners Value Arbitrage Fund and the Platinum Partners Credit Opportunities Fund. These funds may have defrauded investors. We are investigating whether Platinum Partners paid investors who redeemed their hedge fund positions before June 2016 with money gained from newly incoming investors. This may have been a ponzi scheme. Platinum may have misstated the value of its investments, for which there was no public market price, and whether Platinum executives, including Murry Huberfeld, Mark Nordlicht, and others, may have assisted in any wrongdoing that caused harm to Platinum investors. Platinum Partners announced its liquidation of its two hedge funds in a July 20, 2016 letter to investors. The fund also suspended any redemption by investors. The Securities and Exchange Commission (SEC) and the Department of Justice are both investigating Platinum Partners for bribery and fraud. The Federal Bureau of Investigation raided Platinum Partners offices and Huberfeld was arrested for bribing union officials to invest in the fund.

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