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Komfie Manalo, Opalesque Asia:

Joint operatives of the Federal Bureau of Investigation (FBI) and the U.S. Postal Inspection Service raided the office of hedge fund firm Platinum Partners on Wednesday amidst dual investigations, Reuters reported.

Details of the raid in Platinum’s New York headquarters were unclear although the report cited an unnamed source confirming that the head of the hedge fund firm, Mark Nordlicht, has received a subpoena from the U.S. Attorney's Office for the Eastern District of New York. It was also not stated if the legal action against Platinum on Wednesday was related to the subpoena.

FBI spokeswoman Kelly Langmesser has confirmed that a "law enforcement action" was conducted at Platinum’s Manhattan office. The U.S. Postal Inspection Service was also mum about the raid, the report added.

Platinum said in a statement, "We are in receipt of a search warrant from law enforcement and are fully cooperating. We look forward to resolving this on a timely basis."

Platinum to shut down main fund after Murray Huberfeld’s arrest

Last week, Platinum Partners said it would shut down its main fund, Platinum Partners Value Arbitrage, after the arrest of portfolio manager Murray Huberfeld.

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