Tuesday, December 20, 2016

UPDATE 7-U.S. charges Platinum Partners execs with $1 bln fraud

NEW YORK, Dec 19 (Reuters) - Top executives of New

York-based hedge fund manager Platinum Partners were arrested on

Monday and charged with running a $1 billion fraud that federal

prosecutors said became "like a Ponzi scheme" as its largest

investments lost much of their value.

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