Thread: Several New York hedge funders have been arrested

Several New York hedge funders have been arrested and charged with $1 billion fraud

Source: Business Insider

NEW YORK — The founder of the New York-based hedge fund Platinum Partners was arrested Monday as prosecutors unveiled an indictment charging him and six others with participating in an approximately $1 billion fraud.

Mark Nordlicht, Platinum's founding partner and chief investment officer, was taken into custody at his New Rochelle, New York, home in connection with charges contained in an indictment filed in federal court in Brooklyn.

Others arrested included David Levy, Platinum's cochief investment officer, and Uri Landesman, the former president of the firm's signature fund, FBI spokeswoman Adrienne Senatore said.

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Read more: Platinum Partners Mark Nordlicht arrested and charged with fraud - Business Insider

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Lock 'em Up