Case 1:16-cr-00640-DLI Document 1 Filed 12/14/16 Page 1 of 49 PageID #: 1

ROSS,J.

JMK:WMP/ALC/LHE/SME
F. #2016R00505
UNITED STATES DISTRICT COURT

ORENSTEIN, MJ.

EASTERN DISTRICT OF NEW YORK

X

UNITED STATES OF AMERICA

INDICTMENT

- against -

(T. 15, U.S.C., 78j(b), 78ff, 80b-6

and 80b-17; T. 18, U.S.C., 371,
981(a)(1)(C), 1349,2 and 3551 et^-;
T. 21, U.S.C., 853(p); T. 28, U.S.C.,
2461(c))

MARKNORDLICHT,
DAVID LEVY,
URILANDESMAN,
JOSEPH SANFILIPPO,
JOSEPH MANN,
DANIEL SMALL and

JEFFREY SHULSE,
cs

Defendants.

rT^
o

X
4r

THE GRAND JURY CHARGES:

INTRODUCTION

--

r>o
OD

At all times relevant to this Indictment, unless otherwise indicated:

1.

The Corrupt Hedge Fxmd and Related Entities

1.

Platinum Partners("Platinum") was a hedge fund founded in or about

2003 and based in New York, New York. Since approximately September 2011,Platinum,

through Platinum Management(NY)LLC and its affiliated relying advisers (collectively,

"Platinum Management"), was registered with the United States Securities and Exchange
Commission("SEC")as an investment adviser. Platinum managed several hedge funds, but the
vast majority of its assets were invested through Platinum Partners Value Arbitrage Fund, L.P.

("PPVA")and Platinum Partners Credit Opportunities Master Fund, L.P.("PPCO"). Platinum

charged its investors a two percent management fee and a 20 percent incentive fee. In March

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