Analysis of Distress

Fraud


January 9, 2017
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PLATINUM PARTNERS: A PONZI SCHEME HIDING IN PLAIN SIGHT

Christopher M. Cahill
Lowis &; Gellen LLP
200 West Adams Street, Suite 1900
Chicago, Illinois 60606
(312) 628-7193
ccahill@lowis-gellen.com


No One Questioned This Hedge Fund's Madoff-Like Returns, by Zeke Faux and published in Bloomberg.com (Jan. 4, 2017), discusses the possibly $1 billion fraud alleged to have been engineered by Platinum Partners entities under the direction of Mark Nordlicht and others.  From this article we take away two principal points: Any sense that the SEC regulatory regime has wised up and will prevent another Madoff may be misplaced; and When told that a company’s auditors...

December 12, 2016
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Life Partners Holdings –A Tower of Schemes Comes Crashing Down (Part 1)

  • Brad Daniel
  • BMC Group
  • New York, NY
  • (212) 310-5910
  • bdaniel@bmcgroup.com

If you are already familiar with the Life Partners Holdings debacle, you may think that the term “Life Partners” should stand for Brian Pardo and his partners in crime who ran that notorious company serving life sentences (instead of just paying massive fines and having some of their assets seized). Such criminals' loss of liberty may have satisfied justice in a way, but the investors in this Ponzi-like scheme really need to get their money back, or...



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