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B. G., Opalesque Geneva:

This development has come a long time after the complicated Beechwood and Platinum saga started.

The SEC has settled charges against Murray Huberfeld for defrauding clients of a reinsurance and investment advisory business known as Beechwood, and aiding and abetting Platinum Partners' fraud on Platinum's clients. The Commission has also settled charges against Moshe "Mark" Feuer and Scott A. Taylor for defrauding Beechwood's clients.

Platinum Partners

It all started with the demise of Platinum Partners, a New York City-based hedge fund founded in 2003, which began in 2012 when its main fund encountered serious problems and could not meet redemptions.

In 2016, several investors filed whistleblower complaints to the SEC, and bondholders in an oil company Platinum controlled sued the hedge fund firm, reported Institutional Investor. To top it off, co-founder Murray Huberfeld was charged with a kickback scheme in which he had paid $60,000 in bribes to the president of the New York City corrections officers union in exchange for a $20m union investment in Platinum. Shortly after Huberfeld's arrest, Platinum announced it would go into liquidation, and six months later an eight-count indi......................

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