Good Morning, Brooklyn: Monday, November 8, 2021
VICTORY FOR U.S. ATTORNEY IN BROOKLYN: Federal prosecutors at the U.S. District Court-Eastern District in Brooklyn were handed a major appellate victory on Friday, when the U.S. Court of Appeals for the Second Circuit reinstated a jury’s conviction of a now-defunct hedge fund executive in a fraud case involving a Texas oil and gas firm, the New York Law Journal reports. In 2019, a federal jury had convicted David Levy, the former co-chief investment officer of Platinum Partners L.P. and the firm’s co-founder, Mark Nordlicht, of securities fraud and two conspiracy charges. In a rare situation for federal juries, the conviction in U.S. v. Levy was overturned.
The case, according to the Second Circuit’s opinion, now gets returned to U.S. District Judge Brian M. Cogan of the Eastern District of New York for sentencing.
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