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A New York federal jury on Friday convicted former Platinum Partners portfolio manager Daniel Small of participating in a complex scheme to defraud bondholders of a Texas oil and gas company, which prosecutors say steered $70 million in equity back to the hedge fund.
A New York federal jury on Friday convicted former Platinum Partners portfolio manager Daniel Small of participating in a complex scheme to defraud bondholders of a Texas oil and gas company, which prosecutors say steered $70 million in equity back to the hedge fund.
Prosecutors on Wednesday told a Brooklyn federal jury that a former Platinum Partners portfolio manager was the "linchpin" in a $70 million bond fraud scheme, while defense counsel denounced the "evil" case and said there's no evidence showing any intent to commit a crime.
An attorney for Daniel Small on Tuesday urged a New York federal judge to acquit the former Platinum Partners executive of securities fraud and conspiracy charges, saying the government failed to implicate him in any sort of ploy to defraud bondholders in a Platinum-controlled oil and gas company.
The trial of former Platinum Partners managing director and portfolio manager Daniel Small is headed to closing arguments after both prosecutors and the defense on Monday rested in the case accusing the former hedge fund executive of defrauding bondholders in a Platinum-controlled oil and gas company.