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Mark Nordlicht Biography, Age, Height, Wife, Net Worth, Family

Age, Biography and Wiki

Mark Nordlicht (Meir Nordlicht) was born on 1968 in New York, United States, is a Hedge fund manager. Discover Mark Nordlicht's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 55 years old?

Popular AsMeir Nordlicht
OccupationHedge fund manager
Age55 years old
Zodiac SignN/A
Born, 1968
Birthday
BirthplaceNew York, United States
NationalityUnited States

We recommend you to check the complete list of Famous People born on . He is a member of famous with the age 55 years old group.

Mark Nordlicht Height, Weight & Measurements

At 55 years old, Mark Nordlicht height not available right now. We will update Mark Nordlicht's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
HeightNot Available
WeightNot Available
Body MeasurementsNot Available
Eye ColorNot Available
Hair ColorNot Available

Who Is Mark Nordlicht's Wife?

His wife is Dahlia Kalter

Family
ParentsNot Available
WifeDahlia Kalter
SiblingNot Available
ChildrenNot Available

Mark Nordlicht Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Mark Nordlicht worth at the age of 55 years old? Mark Nordlicht’s income source is mostly from being a successful . He is from United States. We have estimated Mark Nordlicht's net worth , money, salary, income, and assets.

Net Worth in 2023$1 Million - $5 Million
Salary in 2023Under Review
Net Worth in 2022Pending
Salary in 2022Under Review
HouseNot Available
CarsNot Available
Source of Income

Mark Nordlicht Social Network

Timeline

Nordlicht and the other five defendants all pleaded not guilty to the charges. A trial date of April 15, 2019 has been set.

The investigation of Platinum and Nordlicht was an outgrowth of a criminal case against Norman Seabrook, the head of the New York City correctional officers' union, who was alleged to have invested $20 million of the union's pension money in Platinum as part of a scheme in which he got kickbacks. Murray Huberfeld, an executive of Platinum, reportedly gave Seabrook bribes including a Ferragamo bag stuffed with $60,000 in cash to secure a $20 million pension investment. Seabrook was also to be paid a portion of the profits from the union's investment, which Huberfeld estimated would be between $100,000 and $150,000 a year, according to the government. After a hung jury in his first trial, Seabrook was found guilty of bribery and conspiracy at a second trial in August 2018, and as a result of the ongoing case that forced Platinum to close, the correction officers' union pension fund lost $19 million dollars of its investment. Seabrook was sentenced to 58 months in prison on February 8, 2019.

Trial the case of USA v. Nordlicht, et. al. began on April 23, 2019 before U.S. District Judge Brian Cogan. The jury trial spanned spanned nine weeks as defendants Mark Nordlicht and to other platinum executives invoked vaious defenses unveiling unruly subject matter purported by the prosecution, and can otherwise in rebuttals. The jury reached a mixed verdict on July 9, 2019.

Lawyers for Nordlicht argued in court and in a letter dated April 7, 2017 that an FBI agent may have leaked information about the investigation to the press before it became public. The letter cited news articles in Bloomberg, the Wall Street Journal and the New York Post published in the summer of 2016 reporting that Platinum was under investigation.

The actions of Nordlicht have been defended as reflecting the difficulty of pricing futures in the energy sector, as well as the problem of leaks driving down price. In February 2017 the media outlet Newsmax reported:

On December 19, 2016, federal agents arrested Nordlicht and six others on charges related to a $1 billion fraud that alleged that Nordlicht's firm operated "like a Ponzi scheme," according to prosecutors. The indictment charged Nordlicht and his co-defendants with eight counts of conspiracy to commit securities fraud, investment adviser fraud, securities fraud conspiracy, investment adviser fraud conspiracy, and wire fraud conspiracy for defrauding investors through overvaluation of assets, concealment of severe cash flow problems at Platinum, and the preferential payment of redemptions. Nordlicht's Platinum Partners management companies "projected stability and confidence" to current and prospective investors, reporting positive average returns of 17% from 2003 to 2015, according to a parallel civil lawsuit filed by the Securities and Exchange Commission. Included among the charges was manipulation of Black Elk Energy bonds.

The valuation of illiquid assets is frequently a topic of disagreement, controversy, and negotiation. The Platinum value arbitrage fund had energy-related assets whose value varied depending on the price of oil. At a certain point, the federal government itself starting driving down the value of Platinum's assets by leaking that the fund was under investigation. The idea underlying the Platinum value arbitrage fund — private equity illiquid assets in a structure with hedge fund liquidity — may have been too difficult to execute successfully even absent government interference. But having a bad investment idea, or a good idea poorly executed, doesn't usually warrant the criminal charges and 20 years in jail that the Platinum managers are facing. It's not supposed to be a crime to have a money-losing hedge fund, or even one that made money for a while and then lost some.

The more one looks into this, the more it looks like the Platinum Partners prosecution is just the latest in a mounting and troubling pattern of examples in which New York-area federal prosecutors and FBI agents have jailed hedge fund managers or destroyed their businesses with publicized raids — only to have the charges eventually overturned by judges or never brought at all.

Platinum Partners was formed in 2003 in New York City with Nordlicht as chief investment officer. It portrayed itself as having a knack for illiquid investments and had $1.7 billion in assets in its most recent filing. The investor mix consisted of institutional investors, family offices and ultra-high-net individuals.

Nordlicht was born to a Jewish family and raised on Long Island. He graduated from Yeshiva University in 1990 with a B.A. in philosophy. With $11,000 saved from his bar mitzvah he started trading commodity options.

Mark (Meir) Nordlicht (born 1968) is the founder and former chief investment officer of Platinum Partners, a U.S. based hedge fund.

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