Ex-hedgie Mark Nordlicht and associate found guilty of fraud

An alleged Ponzi schemer — whose trial turned into a circus when he got caught on video trying to physically attack a federal prosecutor — was found guilty of three counts of fraud on Tuesday.

Mark Nordlicht in May had lunged at Assistant US Attorney Lauren Elbert during a court break, and was trying “for over 10 seconds to pursue the prosecutor while his wife almost pulled his suit jacket off while trying to restrain him,’’ according to court papers.

“You have no f–king morals!’’ Nordlicht screamed at Elbert in the incident, which was caught by a surveillance camera.

Nordlicht, co-founder of the fallen hedge fund Platinum Partners, and David Levy, the chief investment officer, on Tuesday were convicted of a scheme whereby they lied to investors of an energy company by hiding the fact that they secretly controlled the company’s bonds.

US District Judge Brian Cogan had jailed Nordlicht for a night after the hallway incident in May — and said his behavior was worse than that of a certain Mexican drug lord.

Source: New York Post

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