News

Marc Powers Tells Reuters It's Unlikely Platinum Investors Will Recoup All Losses

News / December 24, 2016

Partner Marc Powers is quoted in an article published Dec. 24, 2016, by Reuters News Service. The article, “Platinum Partners Arrests are Scant Consolation for Alleged Victims,” discusses the recent arrests of seven people associated with Platinum Partners, L.P. and a related oil and gas business,  in connection with an alleged $1 billion hedge fund fraud. Powers, who represents several of the investors  in the foreign funds, said it is too early to speculate on how much may be recovered, adding, “It clearly doesn’t look good for any of the victims.”

Read the article.