Legal
Platinum Partners Founder Gets Six Months House Arrest for Fraud
- Judge voided 2019 conviction, but it was reinstated on appeal
- US urged prison time for Mark Nordlicht as leader of scheme
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Platinum Partners LP co-founder Mark Nordlicht, who was found guilty of fraud in New York federal court, was sentenced to six months of home confinement by a judge who has consistently expressed skepticism about the government’s case.
US District Judge Brian M. Cogan, who previously overturned Nordlicht’s conviction in 2019 only to have it reinstated by an appeals court, sentenced him on Tuesday in Brooklyn, New York, to two years probation. When delivering the sentence, the judge noted that Nordlicht had “lunged” at a female federal prosecutor during his trial.