Platinum Executives Rejected by High Court on Fraud Convictions

The US Supreme Court left intact the fraud convictions of Platinum Partners LP co-founder Mark Nordlicht and former co-chief investment officer David Levy, refusing to hear arguments that they should be awarded a new trial.

The men said a federal appeals court was wrong to reinstate the convictions last year after a trial judge threw out the jury’s guilty verdict. The New York-based 2nd US Circuit Court of Appeals ruled that U.S. District Judge Brian M. Cogan had overstepped his authority.

The Supreme Court made no comment in turning away the appeal.

Mark Nordlicht exits federal court in Brooklyn, New York, in Dec. 2016.

Source: Bloomberg

Nordlicht and Levy argued unsuccessfully that ...