Breaking – Bloomberg Reports Feds Raiding Platinum (ECTE, NAVB)

Breaking news today, the 22nd of June. Bloomberg reporting that the Feds are raiding the NY offices of Platinum, the Meier Nordlicht entity that controls bioturds Echo Therapeutics (ECTE) and Navidea (NAVB).

Platinum Partners Said to Be Raided by FBI Amid Bribery Probe
2016-06-22 16:54:18.781 GMT

By Christie Smythe and Zeke Faux
(Bloomberg) — Platinum Partners’ offices are being raided
by federal agents looking into the hedge fund’s operations after
a manager at the firm was charged this month with bribing a
union chief, according to a person familiar with the matter.
The raid is separate from the bribery probe, the person
said.

Looks like the noose is finally tightening around their necks. Good riddance to bad crims.

The content contained in this blog represents only the opinions of the author. The author may hold either long or short positions in securities of various companies discussed in the blog. This commentary in no way constitutes investment advice, and should never be relied on in making an investment decision, ever. This blog is not a solicitation of business: all inquiries will be ignored. The content herein is intended solely for the entertainment of the reader, and the author.
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