Metal Commodities Platinum

  • NEW YORK, Jan 4- The former chief executive officer of a company linked to troubled hedge fund manager Platinum Partners was convicted of criminal tax fraud on Wednesday, New York's attorney general said in a statement. Gary Mole, who led Glacial Energy Holdings Inc before it went bankrupt in 2014, pleaded guilty to diverting more than $18.5 million in taxable...

  • NEW YORK, Dec 24- When six executives of Platinum Partners, including founder Mark Nordlicht, were arrested on Monday on federal charges of running a more than $1 billion hedge fund fraud, people who had long alleged they were harmed by the New York- based firm felt some vindication. One such person is Houston- based energy entrepreneur John Hoffman.

  • NEW YORK, Dec 19- 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. Led by Mark Nordlicht, Platinum was known for years for producing exceptionally high returns--...

  • NEW YORK, Dec 19- 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. Led by Mark Nordlicht, Platinum was known for years for producing exceptionally high returns--...

  • NEW YORK, Dec 19- Top executives of New York- based hedge fund manager Platinum Partners were arrested on Monday and charged with running an approximately $1 billion fraud that federal prosecutors said became "like a Ponzi scheme" as its largest investments lost much of their value. Mark Nordlicht, Platinum's founding partner and chief investment officer, was...

  • NEW YORK, Dec 19- Top executives of New York- based hedge fund manager Platinum Partners were arrested on Monday and charged with running an approximately $1 billion fraud that federal prosecutors said became "like a Ponzi scheme" as its largest investments lost much of their value. Mark Nordlicht, Platinum's founding partner and chief investment officer, was...

  • NEW YORK, Dec 19- Top executives of New York- based hedge fund manager Platinum Partners were arrested on Monday and charged with running an approximately $1 billion fraud that federal prosecutors said became "like a Ponzi scheme" as its largest investments lost much of their value. Nordlicht, Platinum's 48- year-old founding partner and chief investment...

  • NEW YORK, Dec 19- The founder of New York- based hedge fund Platinum Partners was arrested on Monday as prosecutors unveiled an indictment charging him and six others with participating in an approximately $1 billion fraud. Mark Nordlicht, Platinum's founding partner and chief investment officer, was taken into custody at his New Rochelle, New York, home in...

  • NEW YORK, Dec 19- The founder of New York- based hedge fund Platinum Partners was arrested on Monday as prosecutors unveiled an indictment charging him and six others with an approximately $1 billion fraud. Mark Nordlicht, the founder and chief investment officer of Platinum Partners, was arrested at his New Rochelle, New York, home in connection with charges...

  • NEW YORK, Dec 9- The Beechwood group of reinsurance companies is in talks to sell most or all of itself after a backlash from some clients due to its relationship with troubled hedge fund manager Platinum Partners, according to a person familiar with the situation. The Bermuda-, Grand Cayman- and New York- based firm has been working to sever its links with Platinum...

  • NEW YORK, Nov 29- At least four U.S. agencies are investigating former officials of a now-bankrupt oil and gas company once majority owned by troubled hedge fund manager Platinum Partners, according to a legal filing submitted last week. Attorney's office in Brooklyn, New York, the U.S. Securities and Exchange Commission, the Internal Revenue Service, and the U.S....

  • NEW YORK, Sept 29- CNO Financial Group Inc on Thursday said that two of its subsidiaries were terminating agreements with reinsurer Beechwood Re, after regulators in two states said that many assets managed by Beechwood were not compliant with insurance company guidelines because of exposure to troubled hedge fund manager Platinum Partners.

  • Platinum bars

    The world stockpile of platinum is shrinking as investors hold off on selling and the threat of a miners strike looms, experts have said.

  • NEW YORK, Aug 15- CNO Financial Group reinsurance provider Beechwood Re sought on Monday to minimize damage from its links to Platinum Partners, the hedge fund manager embroiled in dual federal probes. New York- based Platinum is being investigated by the Department of Justice and the U.S. Securities and Exchange Commission. Beechwood said Monday that it was in...

  • LONDON, Aug 10- The London Metal Exchange has announced the launch next year of a suite of precious metals contracts, starting with gold and silver and eventually encompassing platinum and palladium. It's not the first time the LME has ventured into the opaque world of London's bullion trade. The London bullion market remains a fractured and fractious...

  • We’re pretty strong in platinum production: Norilsk SVP

    Andrei Bugrov, senior vice president at Norilsk Nickel, talks about the health and future outlook of the nickel, palladium and platinum market.

  • China is competitor and good neighbor: Norilsk SVP

    Andrei Bugrov, senior vice president at Norilsk Nickel, says the firm doesn’t see China’s competition as bitter or lethal, but is instead “blessed” by having a “neighbor” like China.

  • Precious metal price trend encouraging: Lonmin CEO

    Following Lonmin’s latest earnings report, its CEO, Ben Magara breaks down the key factors behind the figures.

  • Rand, South Africa's currency

    Small businesses are feeling the negative affects in the South African tourism industry after a 27 percent drop in the rand.

  • Anglo American to sell Kumba Iron Ore

    Mark Cutifani, CEO of Anglo American, discusses the plans to sell its iron ore producer and says it will focus on diamonds, platinum and copper.

Platinum Futures Chain