“Successful business model” said the spokesperson?!? Yes, Ponzi schemes are successful to some degree. “Historical” relationship to “individuals” at Platinum?!? According to the CNO lawsuit against the individual Beechwood execs, the Beechwood Execs THEMSELVES were Platinum employees and purposefully concealed this fact from the public and CNO. Is the fact that this entity also has tons of subjectively valued Level 3 assets backing client assets also historical? Unlikely….
Take a look at the criminal complaint; the Beechwood executives consented to the purchase of Black Elk and other Platinum activity (paragraph 81). http://www.businessinsider.sg/platinum-partners-department-of-justice-indictment-for-fraud-2016-12/#KlCGJw7scqOtqtbA.97
“Successful business model” said the spokesperson?!? Yes, Ponzi schemes are successful to some degree. “Historical” relationship to “individuals” at Platinum?!? According to the CNO lawsuit against the individual Beechwood execs, the Beechwood Execs THEMSELVES were Platinum employees and purposefully concealed this fact from the public and CNO. Is the fact that this entity also has tons of subjectively valued Level 3 assets backing client assets also historical? Unlikely….