Ex-Platinum Partners Fund Manager Guilty in Fraud Case
- Lawyer for Daniel Small argued client simply made a mistake
- US alleged Small helped divert $70 million from energy company
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A former Platinum Partners fund manager was found guilty of engaging in a fraud scheme to rig a bond vote at an an oil and gas company.
Daniel Small was accused of conspiring with Mark Nordlicht, Platinum’s co-founder, in a scheme to defraud bondholders of Black Elk Energy Offshore LLC of the proceeds of a lucrative asset sale. He was convicted on two of three counts on Friday in federal court in Brooklyn, New York.