Platinum hedge fund co-founder pleads guilty in corruption case


A founding father of the hedge fund company Platinum Partners pleaded guilty on Friday to a felony conspiracy fee, six months after a mistrial in a corruption case in opposition to him and a former New York City hard work chief. Murray Huberfeld, 57, of Lawrence, New York, entered his plea earlier than U.S. District Judge Alvin Hellerstein in Manhattan. The plea adopted jurors’ impasse final Nov. 16 on fraud and conspiracy fees in opposition to Huberfeld and Norman Seabrook, who led the Correction Officers’ Benevolent Association, the biggest U.S. municipal prison union, for greater than 20 years.

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