White-Collar Crime Posts

Judge Jails Hedge Fund Founder

Platinum Partners founder Mark Nordlicht Jailed for Intimidating Prosecutor During Federal Trial: (“A federal judge in Brooklyn jailed the founder of defunct hedge fund Platinum Partners after government lawyers said he accosted a prosecutor during a break in his trial. * * * Mark Nordlicht, Platinum’s founder and former chief investment officer, is on trial for allegedly defrauding investors. Federal prosecutors have accused Mr. Nordlicht and others of faking the firm’s performance figures to collect a hefty cut of all investment gains. Mr. Nordlicht has pleaded not guilty.”)

DOJ Promises Fairness to Companies That Self-Report Corporate Crimes

DOJ’s Brian Benczkowski Pledges “Fair Shake” for Cooperating Companies: (“Companies that come forward to report misconduct to the government should know they will receive a “fair shake” from the U.S. Justice Department, the head of the criminal division said Friday, making the case for voluntary disclosure of corporate misdeeds. * * * ‘Aggravating factors like high-level executive involvement in the misconduct will not necessarily preclude a declination’ . . . Benczkowski, who leads the Justice Department’s criminal division, said at a white-collar conference in New Orleans.”